Many may not be following Keerthi industries so much but I see a potential here due to various reasons like multiple non linked lucrative businesses and an increasing top line yoy.
But some recent events have me confused and would request a view from somebody.
- They recently cleared their pledged shares.
- They paid dividend for the first time.
- They paid dividend on preference shares and loans on time.
- Their topline has increased yoy.
But they posted a net loss for PBT. However, post tax refund, the net profit is higher in both yoy and qoq.
Was this a calculated move by promoters to monetize tax return and giveback to the investors?
Also, Cement was the only sector that made a loss but also makes up majority of the business.
How did you read the recent results?