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    HomeNewsBusinessEarningsKesoram returns to profit in Q2

    Kesoram returns to profit in Q2

    B K Birla Group company Kesoram Industries Limited registered a net profit of Rs 10 crore in the second quarter of 2016-17 as against a loss of Rs 144 crore in the year-ago period.

    November 09, 2016 / 19:00 IST
       
       
      26 Aug, 2025 12:21
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      B K Birla Group company Kesoram Industries Limited registered a net profit of Rs 10 crore in the second quarter of 2016-17 as against a loss of Rs 144 crore in the year-ago period.

      Total income declined to Rs 1,037 crore as compared to Rs 1,156 crore in the same period of the previous fiscal, the company said in a statement today.

      Restructuring of Kesoram's businesses led to reduction in finance costs and debt, the statement said, adding that its tyres business is being consolidated to operate in a competitive space.

      first published: Nov 9, 2016 06:40 pm

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