December 11, 2016 5:18 AM ET

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Company Overview of Kesoram Industries Limited

Company Overview

Kesoram Industries Limited manufactures and markets tires and cement in India and internationally. It offers tires and tubes for trucks and buses, SCV and LCV, passenger cars, two and three wheelers, farm vehicles, and OTR and mining vehicles, as well as flaps. The company also manufactures and supplies cement and aggregate, as well as offers consulting, research, trading, engineering, and other services. Kesoram Industries Limited markets its automobile tires under the Birla Tyres brand; and cement under the Birla Shakti brand. The company was formerly known as Kesoram Industries & Cotton Mills Ltd. and changed its name to Kesoram Industries Limited in 1986. Kesoram Industries Limited was f...

Birla Building

8th Floor

9/1, R.N. Mukherjee Road

Kolkata,  700001

India

Founded in 1919

Phone:

91 33 2243 5453

Fax:

91 33 2210 9455

Key Executives for Kesoram Industries Limited

Chief Executive Officer and Member of Stakeholders' Relationship Committee
Age: 78
Total Annual Compensation: 33.6M
Executive Vice-Chairperson and Chairman of Corporate Social Responsibility Committee
Age: 61
Total Annual Compensation: 16.9M
Compensation as of Fiscal Year 2016.

Kesoram Industries Limited Key Developments

Kesoram Industries Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016

Kesoram Industries Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported sales/income from operations of INR 10,006.1 million compared to INR 11,269.6 million a year ago. Loss from operations before other income and finance costs & exceptional items was INR 123.5 million compared to profit of INR 95.1 million a year ago. Profit from ordinary activities before tax was INR 106.4 million compared to loss of INR 1,327.9 million a year ago. Net profit for the period was INR 96.7 million or INR 0.58 per basic and diluted share before and after extraordinary items compared to loss of INR 1,444.3 million or INR 13.16 per basic and diluted share before and after extraordinary items a year ago. For the six months, the company reported sales/income from operations of INR 20,924.7 million compared to INR 23,091.7 million a year ago. Loss from operations before other income and finance costs & exceptional items was INR 334.5 million compared to profit of INR 141.3 million a year ago. Profit from ordinary activities before tax was INR 238.5 million compared to loss of INR 2,932.4 million a year ago. Net profit for the period was INR 191.6 million or INR 1.15 per basic and diluted share before and after extraordinary items compared to loss of INR 3,091.7 million or INR 28.17 per basic and diluted share before and after extraordinary items a year ago.

Kesoram Industries Ltd., Board Meeting, Nov 09, 2016

Kesoram Industries Ltd., Board Meeting, Nov 09, 2016. Agenda: To consider the quarterly results.

Kesoram Industries Ltd. Reports Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2016

Kesoram Industries Ltd. reported unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 9,753.5 million compared to INR 10,708.4 million a year ago. Loss from operations before other income and finance costs & exceptional items was INR 211 million compared to profit from operations before other income and finance costs & exceptional items of INR 45.9 million a year ago. Profit from ordinary activities before tax was INR 132.1 million compared to loss from ordinary activities before tax of INR 1,604.5 million a year ago. Net profit for the period from continuing operations was INR 94.9 million or INR 0.57 per basic and diluted share before and after extraordinary items compared to loss of INR 1,604.5 million or INR 15.01 per basic and diluted share before and after extraordinary items a year ago. Net profit for the period was INR 94.9 million compared to loss of INR 1,647.4 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 26, 2016
Kesoram Industries Ltd., Rayon and Transparent Paper Business
Private Placement
February 16, 2016
--
Merger/Acquisition
December 19, 2015
Kesoram Industries, Spun Pipe and Heavy Chemicals Undertakings
 

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