NEW DELHI: Kamdhenu reported a growth of 71 per cent in its net consolidated profit during January-March 2021. Its profit after tax (PAT) stood at Rs 3.93 crore in Q4 FY21 as against Rs 2.30 crore in the corresponding quarter previous fiscal, the company said in a BSE filing.

The company’s total income stood at Rs 222.43 crore in Q4 FY21, a dip of 6 per cent from Rs 235.83 crore it recorded in the similar quarter last year.

Satish Kumar Agarwal, chairman & managing director said, “Inspite of covid-19 impact, we have clocked revenues of Rs 625.2 crore, EBITDA of Rs. 49.8 crore and PBT (excluding exceptional item) of Rs 31 crore for overall business for FY21. We have delivered strong operational cashflow of Rs. 50.2 crore for FY21.

We are delighted to share that our paints segment has reported revenue growth of 8% quarter-on-quarter for Q4 FY21. Demand momentum has sustained in Q4 FY21. We have witnessed certain delay in the restoration of the remaining building/plant & machinery due to the second wave of covid-19. In the near term, paint industry players are likely to witness headwinds due to high raw material prices and second wave of Covid-19.

In our steel segment we have witnessed a robust volume growth of 10.5% quarter-on-quarter and revenue growth of over 27.9% quarter-on-quarter in Q4 FY21. Total brand sales turnover is up 21.1% quarter-on-quarter in Q4 FY21 and we have clocked brand sales turnover of about Rs 12,000 crore for FY21 despite of the disruption in Q1 FY21.”

Its paint business contributed 30.3% of revenues in Q4 FY21 while steel business contributed 69.7% of revenues in Q4 FY21, the company said in a media release.

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