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Kamdhenu’s total income growth recorded at 23%

This article was posted on Jun 30, 2008 and is filed under Press Releases

Kamdhenu Ispat Ltd., India’s leading brand in steel, construction and housing sector, attaining a 23 percent growth in the financial year 2007-08 outcomes, has positioned a total income of Rs. 35566.95 lakhs as compared to the previous year, i.e. Rs. 29770.31 lakhs. The Company has registered a growth of 20%, after tax, in its profit in the FY 2007-08 that figured at Rs. 1378.96 lakhs, up from Rs. 1123.07 lakhs from the corresponding last year. With these results, the annual growth in total sales/income from operations of Kamdhenu Ispat Limited for the respective year, ended at March 31, 2008, was earmarked at 20%, which was figured out to be Rs. 38220.30 lakhs as compared to Rs. 31982.51 lakhs last year. The 4th quarter index also reveals a growth of 69% in Profit after Tax that figured at Rs. 470.26 lakhs as compared to Rs. 278.15 lakhs from last year along with a huge raise in total income from Rs. 8428.06 lakhs of last year to Rs. 13261.26 lakhs in FY 2007-08.

On the basis of its Franchisee Association Model, Kamdhenu Ispat Limited is also expanding its network outside India as well. Kamdhenu is targeting SAARC nations first to get a global identification. The company is a chief player in manufacturing, marketing, distribution and branding of world class construction and housing material & service solutions provider in Indian market. It is ready to diversify its business lines in different construction verticals as well. Overwhelmed with the 4th quarter results, Mr. Satish Agarwal, CMD, Kamdhenu Ispat Ltd., said, “We are not just the Steel, rather a universal brand. We are growing everyday. We successfully made our first international venture by foraying into Nepal market. The company is also targeting other SAARC member nations as the opportunities for growth and development are better in these countries.”

Kamdhenu Ispat Limited recently stepped in Plywood segment and is delivering extremely good results in just six months of the launch. The demand for quality plywood is increasing for various construction applications because of boom in housing sector. Kamdhenu UPVC Windows & Doors are also performing well in the market. Similarly, the company is entering Paint segment. Company’s plant for paint manufacturing is located at Bhiwadi, Rajasthan and it has opened its first sales depot at Faridabad, Haryana. Kamdhenu’s Paint Plant would be manufacturing Exterior & Interior Emulsions, Cement paints, Water based Primers, Acrylic Distempers, Synthetic & GP Enamel, Solvent Based Primers, Wood Finishes, and Aluminium Paints along with Textured & Designer Finishes.

With 38 franchisee based high end production units, a wide network of dealers & distributors and a visionary approach, Kamdhenu Ispat Ltd. aims to become a full-fledged construction material provider company that caters to every single need of its consumers. Kamdhenu has become a synonymous name for Quality oriented Reinforcement Steel Bar, Structural Steel, Binding Wire (Kamdhenu Wirebond), Plywood and Housing Projects (Kamdhenu Homz), Paints, UPVC Windows & Doors and other construction materials.

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