The company's pre-tax loss stood at Rs 70.90 crore as on quarter ended 30 September 2023 as against pre- tax loss of Rs 67.39 crore recorded in Q2 FY23.

Total expenses rose 11.71% YoY to Rs 1,036.36 crore during the quarter. Cost of material consumed was at Rs 124.84 crore (up 9.89 % YoY), Finance cost stood at Rs 119.15 crore (up 8.67% YoY) and employee benefits expenses stood at Rs 53.71 crore (down by 0.51% YoY) in Q2 FY24.

The company's net loss stood at Rs 90.81 crore in H1 FY24 as compared with net loss of Rs 120.30 crore in H1 FY23. The firm's revenue from operations jumped 12.44% year on year to Rs 1,952.67crore in H1 FY24.

The firm recorded a sales volume of 3.73 million tonnes in H1 FY24, recording a growth of 16.93% as against 3.19 million tonnes in H1 FY23.

The company generated EBDITA of Rs 216 crore for the half year FY24 as against Rs 138 crore for the corresponding previous year half year FY23 even with elevated costs.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes.