{"id":80120,"date":"2018-05-28T18:06:24","date_gmt":"2018-05-28T18:06:24","guid":{"rendered":"http:\/\/www.bnreport.com\/kamdhenu-q4-profit-nearly-triples\/"},"modified":"2018-05-28T18:06:24","modified_gmt":"2018-05-28T18:06:24","slug":"kamdhenu-q4-profit-nearly-triples","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/kamdhenu-q4-profit-nearly-triples\/","title":{"rendered":"Kamdhenu Q4 profit nearly triples"},"content":{"rendered":"

Vatsala Gaur <\/p>\n

Mumbai: TMT bar and paints maker Kamdhenu<\/a> almost tripled its net profit for the March quarter rising on the back of significant increase in royalties as well as consistent demand for TMT coming from the infrastructure sector. <\/p>\n

The company reported a 204% increase in profit at Rs 5.6 crore while revenue from operations increased by 55% at Rs 376 crore. <\/p>\n

The asset light company that follows a franchisee model with its vast network of dealers and distributors in India<\/a> saw its annual royalty income increase by half, pulling its annual net profit up by 93% at Rs 16 crore. <\/p>\n

"This quarter we saw consistent demand for TMT bars<\/a> coming from the phenomenal growth in the infrastructure segment," said Satish Kumar Agarwal, CMD at Kamdhenu. "A significant increase in royalties also added to the bottomline adding that the company aims to take royalty income to Rs 100 crore by 2020. It earned Rs 61 crore through royalty in 2017. <\/p>\n

The company that also has a Rs 200 crore annual sales paints division aims at taking it to Rs 1000 crore in the next 4-5 years. <\/p>\n

In the outlook for the current fiscal, Agarwal said that the company will be adding more franchisees in the units as well as backward integrate the rolling mills that will bring down costs. <\/p>\n

It is banking on affordable housing<\/a> to provide the TMT business with a boost. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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Vatsala Gaur <\/p>\n

Mumbai: TMT bar and paints maker Kamdhenu alm..<\/p>\n","protected":false},"author":1,"featured_media":80121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-80120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nKamdhenu Q4 profit nearly triples - Business News Report<\/title>\n<meta name=\"description\" content=\"Vatsala Gaur Mumbai: TMT bar and paints maker Kamdhenu alm..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/kamdhenu-q4-profit-nearly-triples\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kamdhenu Q4 profit nearly triples - Business News Report\" \/>\n<meta property=\"og:description\" content=\"Vatsala Gaur Mumbai: TMT bar and paints maker Kamdhenu alm..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/kamdhenu-q4-profit-nearly-triples\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-28T18:06:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/05\/earningsup-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"672\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Kamdhenu Q4 profit nearly triples\",\"datePublished\":\"2018-05-28T18:06:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/\"},\"wordCount\":237,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/earningsup-1.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/kamdhenu-q4-profit-nearly-triples\\\/\",\"name\":\"Kamdhenu Q4 profit nearly triples - 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