Shri Keshav Cement & Infra FY23 Total Income Up 8%
Mumbai (Maharashtra) [India], May 29: Shri Keshav Cement & Infra Limited (BSE – 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 FY23. FY23 Key Financials at a Glance: Key Highlights for the year: Commenting on the performance, Mr. […]
Mumbai (Maharashtra) [India], May 29: Shri Keshav Cement & Infra Limited (BSE – 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 FY23.
FY23 Key Financials at a Glance:
- Total Income ₹ 125.37 crore
- EBITDA of ₹ 37.02 crore
- EBITDA margin at 29.53%
- Net Profit of ₹ 2.91 crore
- Net profit margin at 2.32%
- EPS ₹ 2.45
- Operating Cash Flow ₹ 33.24
Key Highlights for the year:
- During the Year borrowings reduced by ₹ 36.02 Cr to ₹ 180.16 Cr
- During the Year Cement business contributed ₹ 93.20 Cr & Solar business Contributed ₹ 21.65 Cr
- The Company announce fund raises of ₹ 45.98 Cr on Preferential basis
Commenting on the performance, Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited said, “Despite facing cost pressure, the Company has successfully maintained an EBITDA margin of approximately 30%, which is commendable. However, like the rest of the cement industry, we are also concerned about the rising prices of coal and pet coke. Nonetheless, our strategic initiatives, including the establishment of a captive solar power plant, have enabled us to report a profit for the current year.
