AION Technologies Reports Surge in Q2 FY2025 Profit, Driven by Land Sale
AION Tech Solutions announced Q2 FY2025 results with net profit soaring to Rs 138.61 crore from Rs 1.89 crore year-over-year, primarily due to a Rs 156.35 crore gain from a land sale. Revenue slightly decreased to Rs 193.00 crore. The company sold 13,376.23 sq.yd of land for Rs 196.90 crore. H1 FY2025 saw revenue increase to Rs 357.51 crore and net profit rise to Rs 143.48 crore. AION plans to invest Rs 1.69 crore in a new subsidiary focusing on zero-emission fleet technology and has appointed Mr. Adalat Srikanth as the new Company Secretary & Compliance Officer.
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Aion Tech Solutions has announced its financial results for the second quarter and first half of fiscal year 2025, ending September 30, 2024. The company reported a significant increase in profitability, primarily attributed to a substantial gain from a land sale transaction.
Q2 FY2025 Highlights
- Revenue from operations stood at Rs 193.00 crore, compared to Rs 199.99 crore in Q2 FY2024.
- Net profit after tax surged to Rs 138.61 crore, a remarkable increase from Rs 1.89 crore in the same quarter of the previous year.
- The company recorded an exceptional gain of Rs 156.35 crore from the sale of land.
Land Sale Transaction
AION Technologies sold a portion of its land measuring 13,376.23 sq.yd for Rs 196.90 crore to Sri Sai Vishwas Industries Private Limited. This transaction significantly boosted the company's profitability for the quarter.
H1 FY2025 Performance
For the first half of FY2025:
| Metric | H1 FY2025 | H1 FY2024 |
|---|---|---|
| Revenue | Rs 357.51 crore | Rs 338.06 crore |
| Net Profit | Rs 143.48 crore | Rs 3.59 crore |
Strategic Investments and Management Changes
The board of AION Technologies has approved several strategic decisions:
Investment in New Subsidiary: The company will invest up to Rs 1.69 crore in a new wholly-owned subsidiary named ROQIT GREENFLEET DIGITAL SOLUTIONS PRIVATE LIMITED. This subsidiary will focus on zero-emission fleet technology, indicating AION's commitment to sustainable transportation solutions.
Appointment of New Company Secretary: Mr. Adalat Srikanth has been appointed as the new Company Secretary & Compliance Officer, effective November 15, 2024. He will replace Mr. Seetepalli Venkat Raghunand, who served as the interim compliance officer.
These financial results and strategic moves demonstrate AION Technologies' efforts to strengthen its financial position and expand into new technological domains. The significant profit from the land sale provides the company with additional resources for future growth and investments in emerging technologies like zero-emission fleet solutions.
Historical Stock Returns for Aion Tech Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.96% | +1.02% | -10.60% | +7.52% | -41.39% | +532.83% |
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