Kesoram Industries Q2 results: Co reports net loss at Rs 12 cr

Mumbai: BK Birla Group company, Kesoram Industries Ltd reported a consolidated net loss of Rs 12 crore in the September quarter of FY22, as against a net profit of Rs 6.25 crore during the same period last year.

The company reported a net profit of Rs 12.77 crore in the previous quarter ended June 2021.

Kesoram’s standalone net loss of Rs 16.93 crore in the September quarter of FY22, as against a net profit of Rs 31.65 crore during the same period last year.

The company’s consolidated revenue from operations was at Rs 842.6 crore, up 30% year-on-year. The company’s cement business yielded a revenue of Rs 834.20 crore, up 42% year-on-year and its Rayon and chemical business yielded revenue of 8.4 crores.

The company reported operating earnings (EBIDTA) of 339 Cr against an EBIDTA of 234 Cr for the corresponding half year ended September 30, 2020.

Kesoram clocked a volume of 3.47 Million tonnes of sales during the current half-year as against 2.20 Million tonnes sales of the corresponding half-year of the previous financial year.