Kesar Petroproducts Resubmits Q1 Results: Net Profit Surges 178% YoY
Kesar Petro Products resubmitted its Q1 FY24 results to BSE due to a format discrepancy. The company reported strong financial performance with revenue growing 8.1% YoY to ₹49.53 crore. Net profit surged 177.8% to ₹5.89 crore, while EBITDA increased by 148.5% to ₹9.21 crore. EBITDA margin expanded to 18.5% from 8.1% in the previous year. Earnings per share improved to ₹0.61 from ₹0.22. The company emphasized its commitment to regulatory compliance in its communication to BSE.
05May 25
Kesar Petroproducts Launches New Fertiliser Unit, Expects 20% Revenue Boost
Kesar Petroproducts Limited has commenced commercial production at its new fertiliser unit in Ratnagiri, Maharashtra. The plant has an annual capacity of 6,000 tons and will manufacture high-end fertilisers using by-products from the company's existing pigment plant. The company anticipates a 20% year-on-year increase in revenue from this expansion. Kesar Petroproducts, a major player in the Copper Phthalocyanine market, reported a turnover of Rs. 49.66 crore in Q3 FY 2024-2025 and Rs. 144.18 crore for the first three quarters of FY 2024-2025.