Increased earnings from its cement business helped Kesoram Industries reduce its loss to Rs 10.81 crore during the quarter ended June 30, 2019 (Q1FY20) even as its tyre business continueed to remain under stress thereby pulling down the company’s overall performance.
During the corresponding period of the last financial year, the company had posted a loss of Rs 113.68 crore.
On a comparative basis, the company’s revenue from operations remained flat at Rs 1,010.67 crore. It had posted a topline of Rs 1009.78 crore in Q1FY19.
Although its pre-tax profit from the cement business improved 163.84 per cent to Rs