February 24, 2021
‘Plan to become zero-debt company in near future’
Stove Kraft Limited, maker of branded kitchen appliances, has posted ₹33.5 crore profit for the third quarter (Q3) of FY 2020-21 against ₹8.9 crore posted last year.
The company’s Q3 revenues were higher by 47 per cent at ₹294.7 crore compared to ₹200.4 crore in the same period last year.
Commenting on the company’s performance, Rajendra Gandhi, Managing Director, said, “Despite challenging times this year, the company has managed to deliver stellar results on the back of volume growth led by a good festival season, operational efficiencies, better product mix and cost rationalisation programmes.