Kesoram Q4 net loss at Rs 74 cr

B K Birla group company Kesoram Industries reported Rs 74.51 crore net loss for the Q4 period (January-March 2017) against a profit of Rs 348.88 crore in the corresponding quarter of last year.
Sales wwere at Rs 1103.13 crore during the quarter against sales of Rs 1176.98 crore during the corresponding quarter of 2015-16, the company said.
Profit from cement operations during the period under review declined to Rs 5.23 crore from Rs 41.45 crore registered in the corresponding quarter of 2015-16.
"Sale volumes and net sales realisations of the cement business came under stress during the year owing to subdued demand in the areas serviced by Birla Shakti Cement brand. Capacity additions in the area added pressure on price realisations," the company said.

The company's tyre operations narrowed the loss to Rs 35.70 crore during the quarter.
The tyre business during the year realigned manufacturing capabilities post-disposal of its Uttarakhand facility.
Steep increases in prices of major inputs during the second half of the last financial year impacted business consolidation, the company said.