New Delhi, Jan 24 (PTI) TMT bar maker Kamdhenu on Thursday reported over 32.52 per cent increase in its net profit at Rs 5.46 crore for the quarter ended December 2018.

The company had posted a net profit of Rs 4.12 crore during the October-December period a year ago.

Its total income was down 20.64 per cent to Rs 242.37 crore, durig the quarter under review, as against Rs 305.44 crore of the corresponding quarter, the company said in a BSE filing.

"Revenue de-grew by 21 per cent to Rs 242 crore as compared to Rs 305 crores in Q3 FY18 on account of reduced b2b trading sales," the company said in a statement.

Its total expenses were at Rs 233.87 crore as against Rs 298.84 crore, down 21.74 per cent.

Shares of Kamdhenu Ltd on Thursday settled at Rs 171.90 on BSE, up 2.75 per cent from previous close.

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