Kamdhenu, a leading player in the market, saw a marginal downtick of 0.5 percent in its shares during the early hours of November 9. This positive movement followed the company’s financial report for the July-September quarter of 2023-24, which revealed a 24 percent increase in net profit, reaching Rs 10.18 crore.
While the net profit showed significant growth, the company’s total income experienced a decline, dropping to Rs 186.59 crore compared to Rs 191.60 crore in the same quarter the previous year. Notably, expenses were also down, totaling Rs 173.09 crore from Rs 180.72 crore in the year-ago quarter, indicating prudent financial management.
Kamdhenu’s earnings before interest, taxes, depreciation, and amortization (EBITDA) witnessed a notable uptick, rising by 9 percent to Rs 13.3 crore from Rs 12.2 crore a year ago. Despite the positive indicators in profitability, the company faced challenges in terms of total income, impacting its overall financial performance.
Interestingly, Kamdhenu’s stock experienced fluctuations over the past year, reaching a 52-week high of Rs 442.15 on January 24, 2023, and a 52-week low of Rs 166.05 on November 9. Presently, the stock is trading at a level 33.85 percent below its 52-week high and 76.15 percent above its 52-week low, reflecting the market’s response to the company’s financial dynamics and market conditions.
