KSE Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 09:10 am EST
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KSE Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,060.02 million compared to INR 4,109.17 million a year ago. Revenue was INR 4,063.86 million compared to INR 4,120.46 million a year ago. Net income was INR 11.51 million compared to net loss of INR 7.35 million a year ago. Basic earnings per share from continuing operations was INR 3.59 compared to basic loss per share from continuing operations of INR 2.3 a year ago. Diluted earnings per share from continuing operations was INR 3.59 compared to diluted loss per share from continuing operations of INR 2.3 a year ago.
For the nine months, sales was INR 12,669.11 million compared to INR 12,144.06 million a year ago. Revenue was INR 12,695.48 million compared to INR 12,179.44 million a year ago. Net loss was INR 13.18 million compared to net income of INR 12.13 million a year ago. Basic loss per share from continuing operations was INR 4.12 compared to basic earnings per share from continuing operations of INR 3.79 a year ago. Diluted loss per share from continuing operations was INR 4.12 compared to diluted earnings per share from continuing operations of INR 3.79 a year ago.
KSE Limited is an India-based company. The Company is engaged in manufacturing of ready mixed cattle feed, extraction of oil from oil cakes using solvent extraction method and processing of milk and milk products. The Company operates through three segments: Animal Feed Division, Oil Cake Processing Division, and Dairy Division. Its Oil Cake Processing Division includes vegetable oil refining. Its Dairy Division consists of milk and milk products, including ice cream. It offers ice cream under the brand name, VESTA. The Companyâs products include KS Milk & Ghee, Vesta Ice cream, and Cattle Feed. Its Vesta Ice cream products include Chocolate 1 liter (l) & 500 milliliter (ml), Banana 1l & 500ml, and Black Currant 1l & 500ml. Its cattle feed products include K.S Supreme pellet and K.S Delux plus pellet. The Company's manufacturing units include Swaminathapuram, Vedagiri, Palakkad, Koratty, Konikkara, Irinjalakuda, Thrissur, and Thalayuthu.