Kesoram Industries reports net loss of Rs 61 cr

15 Jul 2022 , 03:26 PM

Revenue of operation rose by 4.18% to Rs 891.23 crore in Q1 FY23 as compared to Rs 855.40 reported in the same period last year. The cement manufacturer reported a pre-tax loss of Rs 81.34 crore in Q1 FY23 as against profit before tax of Rs 25.80 crore in Q1 FY22. Total expenses rose 19.5% YoY to Rs 998.54 crore and cost of materials consumed was up by 18.06% YoY to Rs 126.44 crore in the quarter ended 30 June 2022. Consolidated operating margin slumped to 3.42% in Q1 FY23 as compared with 19.89% in Q1 FY22. Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. The scrip was down 0.63% at Rs 46.95 on the BSE. Powered by Capital Market – Live News