Orient Technologies Ltd announced its unaudited financial results for the quarter ended September 30, 2024, showcasing impressive growth compared to the same period last year.
Key Financial Highlights (YoY Comparison):
- Revenue from Operations: The company reported revenue from operations of Rs 223.14 crore, a substantial increase of 49.2% from Rs 149.40 crore in Q2 FY24.
- Total Income: Total income for Q2 FY25 stood at Rs 225.07 crore, up 48.8% from Rs 151.21 crore in the same quarter of the previous year.
- Profit Before Tax (PBT): Profit before tax increased by 57.9%, reaching Rs 19.41 crore in Q2 FY25 compared to Rs 12.29 crore in Q2 FY24.
- Profit for the Period: The net profit for the quarter rose significantly by 62.6% to Rs 15.07 crore, up from Rs 9.26 crore in the corresponding quarter last year.
- Earnings Per Share (EPS): Basic EPS for the quarter improved to Rs 4.15, compared to Rs 2.63 in Q2 FY24, reflecting the company’s strong financial performance.
Operational Highlights:
The company’s growth was driven by increased revenue from operations and effective cost management, leading to a strong profit margin. This performance underscores Orient Technologies Ltd’s robust business model and resilience in a competitive market.
