Ceeta Industries Limited, a Karnataka-based industrial manufacturing company listed on the Bombay Stock Exchange (BSE), has announced its financial results for the first quarter. The company reported a net profit after tax of Rs. 51.00 lakhs for the quarter.

Financial Highlights

• Total income from operations stood at Rs. 611.20 lakhs
• Net profit before tax was Rs. 2.00 lakhs
• Total comprehensive income reached Rs. 32.15 lakhs
• Basic and diluted earnings per share (EPS) were Rs. 0.35

Key Financial Metrics

The company's Board of Directors approved these results following a review by the Audit Committee. The statutory auditors of the company have conducted a limited review of the results for the quarter.

Corporate Governance and Transparency

In compliance with regulatory requirements, Ceeta Industries has published the unaudited financial results in both English and Kannada newspapers. This move aligns with the company's commitment to transparency and adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The detailed quarterly financial results are available on the BSE website ( www.bseindia.com ) and the company's official website.

Ceeta Industries Limited, with its registered office and works located in the KIADB Industrial Area, Sathyamangala, Tumkur, Karnataka, continues to maintain its presence in the industrial manufacturing sector. The company's performance in the first quarter reflects its ongoing operations amidst the current economic landscape.

Investors and stakeholders can access further details about the company's financial performance and future outlook through the published results and subsequent disclosures.

Ceeta Industries Limited , a player in the packaged food products sector, has announced its financial results for the first quarter. The company reported a significant increase in revenue but saw a decline in profit compared to the same period last year.

Revenue Growth

Ceeta Industries witnessed a robust 32% year-over-year growth in revenue from operations, which increased to Rs 587.14 lakh from Rs 445.45 lakh in the corresponding quarter of the previous year. The company's total income, including other income, reached Rs 611.20 lakh, up from Rs 475.62 lakh.

Segment-wise Performance

The packaged food products segment, which is the company's primary business, generated revenue of Rs 581.56 lakh, contributing significantly to the overall growth. Other operations contributed Rs 29.64 lakh to the total revenue.

Profit Analysis

Despite the strong revenue growth, Ceeta Industries reported a profit after tax of Rs 31.00 lakh, a substantial decrease from Rs 228.43 lakh in the same quarter last year. This decline in profit can be attributed to increased expenses and the absence of exceptional items that boosted the previous year's results.

Key Financial Metrics

Expenses and Operational Costs

The company's total expenses for the quarter stood at Rs 569.20 lakh, compared to Rs 456.07 lakh in the corresponding quarter of the previous year. Notable increases were observed in the cost of raw materials consumed and other expenses, which could have impacted the overall profitability.

Management Commentary

K.M. Poddar, Managing Director of Ceeta Industries Limited, stated in the company's filing, "The Board of Directors has approved these unaudited financial results for the first quarter, along with a limited review report from our statutory auditors, G.K. Tulsyan & Co."

Conclusion

While Ceeta Industries has demonstrated strong revenue growth, particularly in its core packaged food products segment, the significant decrease in profit highlights potential challenges in managing costs and maintaining profitability.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting.