{"id":19233,"date":"2023-08-11T11:13:32","date_gmt":"2023-08-11T05:43:32","guid":{"rendered":"https:\/\/thedeccanmessenger.com\/index.php\/2023\/08\/11\/shri-keshav-cement-q1-fy24-ebitda-up-10\/"},"modified":"2023-08-11T11:13:32","modified_gmt":"2023-08-11T05:43:32","slug":"shri-keshav-cement-q1-fy24-ebitda-up-10","status":"publish","type":"post","link":"https:\/\/thedeccanmessenger.com\/index.php\/2023\/08\/11\/shri-keshav-cement-q1-fy24-ebitda-up-10\/","title":{"rendered":"Shri Keshav Cement Q1 FY24 EBITDA Up 10%"},"content":{"rendered":"
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New Delhi (India), August 11<\/strong>: Shri 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 unaudited Financial Results for the Q1 FY24.<\/p>\n

Q1 FY24 Key Financials at a Glance:<\/p>\n

\u2022 Total Income \u20b9 31.27 crore<\/p>\n

\u2022 EBITDA of \u20b9 10.27 crore<\/p>\n

\u2022 EBITDA margin at 32.36% <\/p>\n

\u2022 Net Profit of \u20b9 2.68 crore <\/p>\n

\u2022 Net profit margin at 8.42% <\/p>\n

\u2022 EPS \u20b9 1.86<\/p>\n

Key Highlights for the Q1 FY24:<\/p>\n

\u2022 During the Quarter Borrowings Reduced from \u20b9 180 crore to \u20b9 164 crore<\/p>\n

\u2022 During the Quarter Cement business contributed \u20b9 23.31crore & Solar business Contributed \u20b9 6.04 crore total revenues<\/p>\n

\u2022 EBITDA margin up by 440 bps<\/p>\n

Commenting on the performance, Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited said, “We are pleased to announce that our captive power plant and fuel costs have decreased, resulting in higher EBIDTA margins.<\/p>\n

For our cement business, we anticipate strong demand, and the profitability from the solar sector will help us continue to grow our bottom line. Our continued investment in plant modernization will be reflected in our profitability in the following quarters.”<\/p>\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.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), August 11: Shri 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 […]<\/p>\n","protected":false},"author":1,"featured_media":19234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[648],"class_list":["post-19233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts\/19233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/comments?post=19233"}],"version-history":[{"count":0,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/posts\/19233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/media\/19234"}],"wp:attachment":[{"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/media?parent=19233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/categories?post=19233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedeccanmessenger.com\/index.php\/wp-json\/wp\/v2\/tags?post=19233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}