Kamdhenu Ispat today said its net profit for the October-December quarter went up by 33 per cent to Rs 1.63 crore on account of a nearly 82 per cent hike in total income.
The company, having interests in steel, power and paints businesses, had clocked Rs 1.23 crore net profit during the October-December quarter last fiscal, it said in a release.
Total income of the company increased to Rs 244.34 crore against Rs 134.31 crore a year earlier. However, expenses also went up to Rs 239 crore from Rs 130 crore a year earlier.
"Considering the volatile market scenario and sluggish industrial growth in the country, the October-December quarter results are very much on the expected line. Hopefully, market sentiments will improve in the near future," Kamdhenu Ispat's Chairman and Managing Director Satish Agarwal said.
