{"id":49301,"date":"2024-11-15T13:53:20","date_gmt":"2024-11-15T08:23:20","guid":{"rendered":"https:\/\/thedailymetro.in\/index.php\/2024\/11\/15\/shri-keshav-cement-and-infra-achieves-inr-56-60-cr-total-income-in-h1-fy25\/"},"modified":"2024-11-15T13:53:20","modified_gmt":"2024-11-15T08:23:20","slug":"shri-keshav-cement-and-infra-achieves-inr-56-60-cr-total-income-in-h1-fy25","status":"publish","type":"post","link":"https:\/\/thedailymetro.in\/index.php\/2024\/11\/15\/shri-keshav-cement-and-infra-achieves-inr-56-60-cr-total-income-in-h1-fy25\/","title":{"rendered":"Shri Keshav Cement and Infra Achieves INR 56.60 Cr Total Income in H1 FY25"},"content":{"rendered":"
\n
\n

Mumbai (Maharashtra) [India] November 15: <\/strong>Shri Keshav Cement & Infra Limited (BSE \u2013 530977),\u00a0engaged in the manufacturing of Cement and Solar Power Generation and Distribution in the state of Karnataka has announced its Unaudited Financial Results for the Q2 & H1 FY25.<\/p>\n

Key Financial highlights<\/strong><\/p>\n

Key Highlights Of Q2 FY24<\/strong><\/p>\n\n\n\n\n
Solar Plant<\/strong><\/td>\nCompany will be commissioning additional 3 MW solar plant at Biserahalli, Koppal District, Karnataka bringing its total solar plant capacity to 40 MW.<\/td>\n<\/tr>\n
Credit Rating<\/strong><\/td>\nSecured a credit rating upgrade for its long-term bank facilities, improving from IVR BB+ (Positive Outlook) to IVR BBB- (Stable Outlook) on facilities totalling\u00a0\u20b9\u00a0223.59 Cr, reflecting the company\u2019s strong financial performance and positive growth prospects.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Q2 FY25 Developments & Future Plans<\/strong><\/p>\n

    \n
  • Paid debt worth \u20b9 6.42 Cr in Q1 FY25.<\/li>\n
  • The Company\u2019s expanded capacity of 1 Mn Ton will be operational by Q4FY25.<\/li>\n<\/ul>\n

    Commenting on the financial performance, Mr. Venkatesh Katwa, Chairman of Shri Keshav Cement & Infra Limited said, \u201d As we release our Q2 FY25 results, we acknowledge both the significant progress and the challenges that have shaped this quarter for Shri Keshav Cements & Infra. Achieving a total income of \u20b925.36 Cr and an EBITDA margin of 12.44% reflects our focus on operational efficiencies and resilience in a dynamic market environment. While our PAT result underscores some short-term financial pressures, we are leveraging key strategic initiatives aimed at fortifying our cost structures and expanding our market footprint.<\/p>\n

    Our commitment to sustainable energy expansion continues with the commissioning of an additional 3 MW solar plant at Biserahalli in Karnataka, increasing our total solar capacity to 40 MW. This achievement reinforces our dedication to clean energy solutions, aligning with our vision for an environmentally responsible future.<\/p>\n

    These accomplishments underscore our strategic focus on sustainable growth and financial strength, as we remain committed to delivering value to our stakeholders and supporting our long-term objectives.\u201d<\/p>\n

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Mumbai (Maharashtra) [India] November 15: Shri Keshav Cement & Infra Limited (BSE \u2013 530977),\u00a0engaged in […]<\/p>\n","protected":false},"author":2,"featured_media":49302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1328],"class_list":["post-49301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/49301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/comments?post=49301"}],"version-history":[{"count":0,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/49301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media\/49302"}],"wp:attachment":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media?parent=49301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/categories?post=49301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/tags?post=49301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}