Net profit of Kings Infra Ventures rose 167.95% to Rs 2.09 crore in the quarter ended March 2023 as against Rs 0.78 crore during the previous quarter ended March 2022. Sales rose 65.91% to Rs 20.44 crore in the quarter ended March 2023 as against Rs 12.32 crore during the previous quarter ended March 2022.

For the full year,net profit rose 95.61% to Rs 5.79 crore in the year ended March 2023 as against Rs 2.96 crore during the previous year ended March 2022. Sales rose 52.95% to Rs 60.89 crore in the year ended March 2023 as against Rs 39.81 crore during the previous year ended March 2022.

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Kings Infra Ventures has allotted 6900 Secured Redeemable Non-Convertible Debentures of face value of Rs. 1000 eachaggregating to Rs. 69 lakh on private placement basis on 07 March 2023.

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Kings Infra Ventures announced that CRISIL has rated the bank facilities and the non-convertible debentures (NCDs) of the company as under:

Term bank loan facilities - Rs 21.7 crore
Long term rating - CRISIL B+/Stable (reaffirmed)
Short term rating - CRISIL A4 (reaffirmed)

Rs 10 crore NCDs - CRISIL B+/ Stable (assigned)
Rs 12.5 crore NCDs - CRISIL B+/ Stable (reaffirmed)

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Net profit of Kings Infra Ventures rose 57.61% to Rs 1.45 crore in the quarter ended December 2022 as against Rs 0.92 crore during the previous quarter ended December 2021. Sales rose 73.48% to Rs 15.11 crore in the quarter ended December 2022 as against Rs 8.71 crore during the previous quarter ended December 2021.

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