ALFA ICA (India) Limited Reports Robust Q1 Results with 18% Profit Growth
Alfa ICA Limited, a decorative laminates manufacturer, announced strong Q1 results with total income rising to Rs. 1,979.57 lakhs, a 1.44% increase year-over-year. Net profit grew by 18.04% to Rs. 49.72 lakhs. Earnings per share improved to Rs. 1.23 from Rs. 1.04 in the previous year's Q1. The company's Board of Directors approved the unaudited financial results on August 8, which were published in newspapers on August 9.
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Alfa ICA (India) Limited, a leading manufacturer of decorative laminates, has announced its financial results for the first quarter, showcasing strong growth in both revenue and profitability.
Financial Highlights
The company reported a total income of Rs. 1,979.57 lakhs for Q1, marking a 1.44% increase from Rs. 1,951.51 lakhs in the corresponding quarter of the previous year. More significantly, Alfa ICA's net profit rose to Rs. 49.72 lakhs, representing an impressive 18.04% growth compared to Rs. 42.12 lakhs in Q1 of the previous year.
Key Performance Indicators
| Indicator | Current Q1 | Previous Q1 |
|---|---|---|
| Total Income (Rs. lakhs) | 1,979.57 | 1,951.51 |
| Net Profit (Rs. lakhs) | 49.72 | 42.12 |
| EPS (Rs.) | 1.23 | 1.04 |
- Earnings Per Share (EPS): The company's EPS stood at Rs. 1.23 for the quarter, up from Rs. 1.04 in the same period last year, reflecting the improved profitability.
- Equity Share Capital: Alfa ICA maintains a stable equity share capital of Rs. 404.00 lakhs.
Industry Context
The growth in Alfa ICA's performance indicates the company's resilience and strong market presence in the decorative laminates sector.
Corporate Governance
In line with regulatory requirements, the company's Board of Directors approved the unaudited financial results on August 8. Alfa ICA demonstrated its commitment to transparency by promptly publishing the results in newspapers on August 9, as disclosed in the LODR filing.
Conclusion
Alfa ICA's positive Q1 results, marked by an 18% increase in net profit and a 1.44% rise in total income, reflect the company's strong performance in the decorative laminates industry. The consistent growth in both revenue and profit suggests that Alfa ICA's strategic initiatives and market positioning are yielding positive results.
Historical Stock Returns for Alfa ICA
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +9.35% | +1.53% | +0.54% | +6.62% | -5.96% | +250.94% |
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