ALPHA TRIBE

Keerthi Industries LtdBoard Meeting, 29-05-2025: Board Meeting

29-05-2025 | 05:56 pm

Keerthi Industries Limited has announced a board meeting approving the audited financial results for the quarter and financial year, showing a net loss of ₹28.85 Cr for the year. Cement remains the primary segment with revenue of ₹96.67 Cr and a segment loss before tax and finance cost of ₹30.90 Cr for the year. Electronics division reported revenues of ₹23.07 Cr with a profit before tax and finance cost of ₹3.60 Cr. The company approved the sale of its Electronics Division (PCB manufacturing) as a going concern to Hyderabad Bottling Co Private Limited. New appointments include M/s VCSR & Associates as Secretarial Auditors for five years and re-appointment of M/s Vasireddy and Associates as Cost Auditors. Cash flow from operations improved to ₹4.63 Cr, but overall losses persist, reflecting ongoing challenges in the core cement business. The statutory auditor issued an unmodified opinion on the results.

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