{"id":27289,"date":"2024-05-27T10:29:59","date_gmt":"2024-05-27T04:59:59","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2024\/05\/27\/shri-keshav-cement-and-infra-q4-fy24-pat-up-by-214-percent\/"},"modified":"2024-05-27T10:29:59","modified_gmt":"2024-05-27T04:59:59","slug":"shri-keshav-cement-and-infra-q4-fy24-pat-up-by-214-percent","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2024\/05\/27\/shri-keshav-cement-and-infra-q4-fy24-pat-up-by-214-percent\/","title":{"rendered":"Shri Keshav Cement and Infra Q4 FY24 PAT Up By 214 Percent"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], May 27:<\/strong> \u00a0Shri Keshav Cement & Infra Limited (BSE \u2013 530977), engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka has announced its Audited Financial Results for the Q4 FY24 & FY24.<\/p>\n

Key Financial Highlights Q4 FY24<\/strong><\/p>\n

\u2022Total Income of\u00a0\u20b9\u00a036.85 Cr, YoY growth of 13.67%<\/p>\n

\u2022EBITDA of\u00a0\u20b9\u00a011.55 Cr, YoY growth of 33.83%<\/p>\n

\u2022EBITDA Margin of 32.05%, YoY growth of 502 Bps<\/p>\n

\u2022PAT of\u00a0\u20b9\u00a02.41 Cr, YoY change loss to profit<\/p>\n

\u2022PAT Margin of 6.53%, YoY change loss to profit\u00a0<\/p>\n

\u2022EPS of\u00a0\u20b9\u00a01.42, YoY change loss to profit<\/p>\n

Key Financial Highlights FY24<\/strong><\/p>\n

\u2022Total Income of\u00a0\u20b9\u00a0128.99 Cr, YoY growth of 2.89%<\/p>\n

\u2022EBITDA of\u00a0\u20b9\u00a041.45 Cr, YoY growth of 11.58%<\/p>\n

\u2022EBITDA Margin of 32.78%, YoY growth of 264 Bps<\/p>\n

\u2022PAT of\u00a0\u20b9\u00a09.13 Cr, YoY growth of 213.85%<\/p>\n

\u2022PAT Margin of 7.07%, YoY growth of 476 Bps<\/p>\n

\u2022EPS of\u00a0\u20b9\u00a05.84, YoY growth of 179.43%<\/p>\n

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FY24 Highlights<\/strong> \u00a0 \u2022\u00a0In FY24,\u00a0the company\u2019s Total Revenue saw a growth of 2.89%, reaching\u00a0\u20b9128.99 crore compared to\u00a0\u20b9125.37 crore in the previous year. \u00a0 \u2022\u00a0During FY24, revenue from the cement business amounted to\u00a0\u20b997.93 crore, from the solar business to\u00a0\u20b919.88 crore, and from other businesses to\u00a0\u20b98.63 crore.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Commenting on the performance, Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited said, \u201cWe are pleased to announce that our strategic initiatives are yielding significant benefits. In Q4 FY24, we experienced double-digit growth in our top line, accompanied by a 400-basis points expansion in EBITDA margins. This contributed to a remarkable increase in profit margins for FY24, a trend we expect to continue with an upward bias in the coming period.<\/p>\n

Looking ahead, we anticipate additional benefits from economies of scale as we triple our plant capacity, achieve higher utilization rates, and enhance our solar capacity. These improvements, coupled with a robust outlook for cement demand, will further enrich our performance.<\/p>\n

Our aim is to ensure sustainable business growth and strengthen our market position, with a continued focus on expanding our brand.\u201d<\/p>\n

Key\u00a0Highlights\u00a0For\u00a0Q4 FY24 (January 2024 \u2013 March 2024)<\/strong><\/p>\n

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Awarded for maintaining best quality of cement.<\/td>\n\u00a0 Received a prestigious award from the Bureau of Indian Standards (BIS), Hubli, for three years of consistent delivery of high-quality cement and zero product failures \u00a0<\/td>\n<\/tr>\n
Rating Upgrade<\/td>\n\u00a0 Infomerics Ratings upgraded the Company\u2019s ratings from IVR BB+ with Stable Outlook to IVR BB+ with Positive Outlook \u00a0<\/td>\n<\/tr>\n
Allotment of shares in pursuant to conversion of warrants<\/td>\n\u00a0 Allotted 7.75 Lakhs & 12.50 Lakhs fully paid-up equity shares of\u00a0\u20b9\u00a010 each at\u00a0\u20b9\u00a0130 per share to Saint Capital Fund & Team India Managers Limited on conversion of warrants issued to them on preferential basis \u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], May 27: \u00a0Shri Keshav Cement & Infra Limited (BSE \u2013 530977), engaged in the manufacturing of Cement and Solar Power Generation and… <\/p>\n","protected":false},"author":1,"featured_media":27290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[656],"class_list":["post-27289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/27289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=27289"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/27289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/27290"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=27289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=27289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=27289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}