After 10 straight quarterly losses, Kesoram Industries back in black

BM Birla group firm rides on strong cement volumes, healthy prices and cost rationalisation to deliver Rs 8.8 cr profit

Backed by increased cement volumes and good prices together with rationalisation of costs, Kesoram Industries posted a net profit Rs 8.8 crore for the quarter ended March 31, 2019. This is the first time the company posted a post tax profit after 10 quarters of losses.

In the fourth quarter (Q4) of the 2017-18 fiscal year, the company posted a net loss of Rs. 160.17 crore.

Although its revenue from sales increased by 5.20 per cent at Rs. 1036.58 crore during the quarter under review, costs came down by 9.98 per cent at Rs. 1060.50 crore. A credit of current tax charge