Polyplex Corp shares surge over 5% after strong Q1 results | Business Upturn

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Polyplex Corp shares jumped over 5% following the announcement of its Q1 results. The company posted a significant turnaround in profitability, with net profit standing at ₹97.1 crore, compared to a loss of ₹10.3 crore in the same quarter last year.

Key Highlights:

Revenue Growth: The company’s revenue grew by 8%, reaching ₹1,685.6 crore, up from ₹1,560.5 crore in the previous year.
Other Income: Other income saw a notable increase, rising to ₹25.92 crore compared to ₹12.42 crore last year.

Market Reaction:

Share Performance: As of 9:30 AM, Polyplex Corp shares were trading 5.53% higher at ₹1,250.00.

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