Kesoram Industries reports for Q4 FY22

12 April 2022, Mumbai:

Kesoram Industries Limited is one of the pioneer companies in India.

It is under the flagship 'B K Birla Group Of Companies'.

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Kesoram Industries declined 1.31% to Rs 60.30 after the company reported a consolidated net loss of 46.67 crores in Q4 FY22 as against a net profit of Rs 112.26 crore in Q4 FY21.

Revenue of operation grew 19.7% to Rs 1,031.78 crore in Q4 FY22 as compared to Rs 861.56 reported in the same period last year.

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The cement manufacturer reported a pre-tax loss of Rs 66.40 crore in Q4 FY22 versus Rs 168.4 crore in Q4 FY21. Consolidated operating margin declined to 9.48% in Q4 FY22 as against 13.37% in Q4 FY21. Margin pressure was seen as total expenses surged 31.35% YoY to Rs 1,085.84 crore. The company reported a consolidated net loss of 75.04 crore in FY22 as against a net profit of Rs 150.29 crore in FY21.

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CREDITS: Business Standard Money Control ET Equity Bulls (The news article has not been edited by DFU Publications staff)