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( As on 13/11/2024 21:40)

Aki India Q2 net profit zooms 152.63% at Rs 0.48 cr

The company reported standalone net profit of Rs 0.48 crore for the quarter ended September 30, 2024 as compared to Rs 0.19 crore in the same period last year, registering a year-on-year growth of 152.63 per cent.

Net revenue of the company declined substantially by 30.36 per cent at Rs 11.15 crore in July-September quarter of this fiscal as against Rs 16.01 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 25.88 per cent to Rs 11.43 crore from Rs 15.42 crore in year ago period.

Other Income grew by 55.93 per cent at Rs 0.92 crore versus (Sep'23 Rs 0.59 crore).

Operating Profit slipped by 146.67 per cent to Rs -0.28 crore as against Rs 0.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 166.84 per cent in September quarter.

Interest declined by 9.09 per cent y-o-y to Rs 0.40 crore, while Taxation increased by 77.78 per cent at Rs 0.16 crore (Sep'23 Rs 0.09 crore).