NewsEarningsKhandelwal Extractions Reports Q1 Profit, Sets AGM Date, and Approves Key AppointmentsKhandelwal Extractions Reports Q1 Profit, Sets AGM Date, and Approves Key Appointments
Khandelwal Extractions Limited reported a profit of ₹4.64 crore for Q1 FY2023-24, with total revenue of ₹18.93 crore. The company's board reappointed G. Chandra Agarwal & Co. as Internal Auditors and Mr. Dinesh Khandelwal as Whole Time Director-Finance & CFO. The 43rd AGM is scheduled for September 24, with e-voting facilities available through CDSL.
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Khandelwal Extractions Limited , a Kanpur-based company, has announced its financial results for the first quarter and made several key decisions in its recent board meeting. The company's board of directors convened on August 12 to approve the unaudited financial results and address other important matters.
Q1 Financial Performance
For the quarter ended June 30, Khandelwal Extractions reported a profit of ₹4.64 crore. The company's revenue from operations stood at ₹14.57 crore, with total revenue reaching ₹18.93 crore when including other income of ₹4.36 crore.
Key financial highlights for Q1:
| Particulars (₹ in crore) | Q1 | Q4 | Q1 (Previous Year) |
|---|---|---|---|
| Revenue from Operations | 14.57 | 14.37 | 20.01 |
| Other Income | 4.36 | 4.37 | 4.93 |
| Total Revenue | 18.93 | 18.74 | 24.94 |
| Total Expenses | 12.82 | 12.24 | 13.44 |
| Profit Before Tax | 6.11 | 6.50 | 11.50 |
| Net Profit | 4.64 | (3.46) | 11.50 |
| EPS (₹) (Not Annualized) | 0.54 | (0.41) | 1.35 |
The company's performance shows a year-on-year decline in revenue and profit compared to the same quarter last year. However, it has recovered from the loss reported in the previous quarter.
Key Appointments and Decisions
Internal Auditor Reappointment
The board has re-appointed G. Chandra Agarwal & Co. (ICAI 000766C), Chartered Accountants, as the Internal Auditors.
Director Reappointment
Mr. Dinesh Khandelwal (DIN: 00161831) has been re-appointed as Whole Time Director-Finance & CFO for another three-year term, effective from April 1, 2026.
Scrutinizer Appointment
Mr. G.K. Banthia, Proprietor of M/s. Banthia & Co., Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process at the upcoming Annual General Meeting (AGM).
43rd Annual General Meeting
Khandelwal Extractions has scheduled its 43rd AGM for September 24 at 4:00 PM. Important dates related to the AGM include:
- Book Closure: September 18-24 (both days inclusive)
- E-voting Period: September 21 (10:00 AM) to September 23 (5:00 PM)
- E-voting Cut-off Date: September 17
The company will provide e-voting facilities through CDSL for shareholders to participate in the AGM proceedings.
Other Approvals
The board meeting also resulted in the approval of the Directors' Report and took note of the Secretarial Audit Report.
Investors and stakeholders can access more detailed information about the company's performance and future outlook in the upcoming AGM.
Historical Stock Returns for Khandelwal Extractions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.94% | +20.30% | +106.59% | +71.38% | +43.30% | +1,001.14% |
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