Kanani Industries Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting
30-05-2025 | 03:52 pm
30-05-2025 | 03:52 pm
Kanani Industries has announced a board meeting outcome approving the financial results for the quarter and half-year. Consolidated revenue declined to ₹168.47 Cr from ₹223.81 Cr year-on-year. Despite this, consolidated net profit improved to ₹0.78 Cr from ₹0.62 Cr, though the quarter itself saw a consolidated loss of ₹0.24 Cr. High operating costs continue, with raw material purchases at ₹169.40 Cr. Cash flow from operations stayed steady, but higher financing outflows were noted due to repayment of borrowings. No dividend or strategic updates were shared.
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