Kakatiya Cement Sugar and Industries reports poor set of numbers
Kakatiya Cement Sugar and Industries' standalone revenue for the quarter came in at Rs. 35.38 crore, registering 58.1 per cent yoy decline. This was primarily driven by sharp decline in all the segments. Sale of cement division dip by almost 70 per cent from Q3FY17 and revenue from sugar business was also down by 50 per cent during same period. Also, power division’s revenue decline by almost 78 per cent from Q3FY17.
During the quarter company reported operating loss of Rs. 8.38 crore as against Rs. 13.34 crore operating profit (EBITDA) in the corresponding quarter of last year.
In terms of bottom-line the company reported negative numbers of Rs. 5.61 crore as against net profit of Rs. 8.93 crore in the corresponding quarter of last year.