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( As on 14/11/2024 19:50)

Aartech Solonics Q2 net profit zooms 237.50% at Rs 1.62 cr

The company reported standalone net profit of Rs 1.62 crore for the quarter ended September 30, 2024 as compared to Rs 0.48 crore in the same period last year, registering a year-on-year growth of 237.50 per cent.

Net revenue of the company rose marginally by 3.98 per cent at Rs 9.41 crore in July-September quarter of this fiscal as against Rs 9.05 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 6.66 per cent to Rs 8.41 crore from Rs 9.01 crore in year ago period.

Other Income grew by 53.73 per cent at Rs 1.03 crore versus (Sep'23 Rs 0.67 crore).

Operating Profit surged by 2400.00 per cent to Rs 1.00 crore as against Rs 0.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2108.33 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 500.00 per cent at Rs 0.18 crore (Sep'23 Rs 0.03 crore).