Kesoram Q2 loss shrinks

Kolkata: Kesoram Industries Limited, the flagship company of B K Birla group, posted a reduction in its standalone losses for the second quarter ending in September 2023 to Rs 34.71 crore. In the corresponding quarter of last year, the company posted a loss of Rs 41.28 crore.

The standalone revenue of the cement maker from operations was up to Rs 894 crore during the quarter as against Rs 785 crore posted in the corresponding quarter of FY’23.

Asked about the widening of quarterly losses sequentially despite higher sales, the company’s whole time director and CEO P Radhakrishnan said that cement realisation was lower by about Rs 30 per bag due to the monsoon. Prices are now recovering as construction activities are picking up post-monsoon.