Net profit increased by 114% at Rs 6 crore with revenue increasing by 75% at Rs 400 crore.
The company that follows a franchisee based model saw royalty incomes rising by 39%. The company aims to have a royalty income of over Rs 100 crore by 2020 and double brand production capacity to 5 million tonne in the next 3-5 years, chairman Satish Kumar Agarwal said in a release.
"With high infrastructure growth expected, the demand for TMT steel would grow faster. We expect Kamdhenu to benefit a lot from the same. Affordable housing would be a big boost to the TMT steel sector," said Agarwal adding that its he expects the company's paints division to continue its momentum of recording profits.
88% of the company's revenue came from its steel business with the remaining coming from the paints division.