Agarwal Fortune India Reports Q1 Results, Appoints New Auditors
Agarwal Fortune India Limited, a glass trading company, announced Q1 financial results with total income rising to ₹214.51 crore, up 82.67% year-over-year. Profit before tax increased to ₹3.20 crore. The company appointed M/s Jethani and Associates as statutory auditors, M/s SKMG & Co. as secretarial auditors for five years, and re-appointed M/s ASAR & Associates as internal auditors, all subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
Agarwal Fortune India Limited, a company primarily engaged in the trading of glasses and allied activities, has announced its unaudited financial results for the first quarter, along with key appointments in its auditing team.
Financial Performance
The company reported a total income of ₹214.51 crore for Q1, showing a significant increase from ₹117.43 crore in the same quarter of the previous year. The profit before tax for the quarter stood at ₹3.20 crore, up from ₹2.43 crore in Q1 of the previous year.
Key financial highlights for Q1:
| Particulars (₹ in Crore) | Current Q1 | Previous Q1 | % Change |
|---|---|---|---|
| Total Income | 214.51 | 117.43 | +82.67% |
| Total Expenses | 211.31 | 115.00 | +83.75% |
| Profit Before Tax | 3.20 | 2.43 | +31.69% |
| Earnings Per Share (₹) | 0.09 | 0.07 | +28.57% |
The company's revenue from operations increased to ₹214.46 crore in the current Q1, compared to ₹114.48 crore in the corresponding quarter of the previous year, representing an 87.33% growth.
Auditor Appointments
In a significant move, the Board of Directors approved the appointment of multiple auditors:
Statutory Auditor: M/s Jethani and Associates, Chartered Accountants (Firm Registration Number: 010749C), have been appointed as the statutory auditors for the upcoming Financial Year. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.
Secretarial Auditor: M/s SKMG & Co., Practising Company Secretaries (Firm Registration Number: 4063), have been appointed as secretarial auditors for a term of five consecutive years. This appointment is also subject to shareholder approval.
Internal Auditor: M/s ASAR & Associates (FRN: 019461C) have been re-appointed as the internal auditors for the upcoming Financial Year.
Board Meeting Details
The Board meeting, held on August 13, commenced at 2:00 PM and concluded at 3:00 PM. During this meeting, the Board reviewed and approved the unaudited financial results for Q1 and made decisions regarding the auditor appointments.
Agarwal Fortune India Limited continues to focus on its core business of trading glasses and other allied activities. The company operates in a single segment, as stated in its financial report.
Investors and stakeholders can find more detailed information about the company's financial performance and corporate actions on its official website.
Historical Stock Returns for Agarwal Fortune
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.94% | +4.18% | -0.27% | +6.85% | +18.16% | +263.27% |
18
