Indian cement manufacturer Kakatiya Cements has released its key financial data for the quarter ended 31 March 2014. The company’s cement works is located in close proximity to the limestone mine at Srinivas Nagar in the Nalagonda District, Andhra Pradesh.
- Sales rose by 10.47% y/y to Rs.63.08 crore in the quarter ended 31 March 2014, compared to sales of Rs.57.10 crore recorded in the quarter ended 31 March 2013.
- Net profit fell by 86.74% to Rs.1.24 crore in the reporting period, from Rs.9.35 crore in the corresponding quarter in 2013.
Full year highlights
- Sales totalled Rs.200.53 crore in the year ended 31 March 2014, representing a 8.79% increase compared to Rs.184.32 crore recorded during the year ended March 2013.
- Net profit decreased by 45.13% to Rs.8.84 crore in FY14, against a net profit of Rs.16.11 crore recorded in the same period a year earlier.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/asia-pacific-rim/29052014/kakatiya_cements_reports_on_4q14_financial_performance_265/