Amit B. Kalyani succeeds father B.N. Kalyani as Chairman
KSL · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated September quarter revenue rose to Rs 4,943.81 million from Rs 4,560.69 million, while profit after tax rose to Rs 798.66 million from Rs 625.36 million. Six-month revenue was Rs 9,589.61 million and profit after tax Rs 1,481.15 million. Auditors gave an unmodified opinion. Founder B.N. Kalyani resigned as chairman and director on October 28 and became Chairman Emeritus from October 29. His son Amit B. Kalyani became Chairman from October 29.
Stronger revenue and profit are positive. Family succession supports continuity, but investors will watch the new chairman's strategy.