Agarwal Fortune , a company primarily engaged in trading glasses and allied activities, has reported a significant increase in revenue and profit for the first quarter. The company's financial performance shows strong growth compared to the same period last year.

Financial Highlights

• Revenue Growth: Agarwal Fortune's revenue from operations surged to Rs 214.46 crore, marking an impressive 87% increase from Rs 114.48 crore in the corresponding quarter of the previous year.
• Profit Increase: The company's profit for the quarter rose to Rs 3.20 crore, up from Rs 2.43 crore in the corresponding period of the previous year, representing a 32% growth.
• Total Income: Total income reached Rs 214.51 crore, compared to Rs 117.43 crore year-over-year, showing an 83% increase.
• Earnings Per Share: The earnings per share (EPS) improved to Rs 0.09 for both basic and diluted calculations, up from Rs 0.07 in the same quarter last year.

Key Financial Data

Business Segment and Operations

Agarwal Fortune operates primarily in the trading of glasses and allied activities, which is reported as a single business segment. The company's focus on this sector has contributed to its strong performance in the quarter.

Board Meeting and Approvals

The Board of Directors of Agarwal Fortune met on August 13 and approved the unaudited financial results for the first quarter. The meeting, which commenced at 02:00 P.M. and concluded at 03:00 P.M., also addressed other important business matters:

1. Statutory Auditor Appointment: The Board approved the appointment of M/S Jethani and Associates, Chartered Accountants, as Statutory Auditors for the upcoming Financial Year, subject to shareholder approval at the upcoming Annual General Meeting.

2. Secretarial Auditor Appointment: M/s SKMG & CO., Practising Company Secretaries, were appointed as Secretarial Auditors for a term of five consecutive years, pending shareholder approval.

3. Internal Auditor Re-appointment: M/s ASAR & ASSOCIATES were re-appointed as the Internal Auditor for the upcoming Financial Year.

These appointments and the company's financial results underscore Agarwal Fortune's commitment to maintaining strong corporate governance and financial transparency while pursuing growth in its core business activities.

The significant revenue growth and improved profitability reflect positively on the company's business strategies and market position in the glasses trading sector. As Agarwal Fortune continues to focus on its core operations, investors and stakeholders will be watching closely to see if this growth trajectory can be maintained in the coming quarters.

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:

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:

1. 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.

2. 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.

3. 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.