Oswal Greentech Reports 40% Jump in Q1 Net Profit to 66 Million Rupees
By ScanX News Team
Oswal Greentech's Q1 net profit increased by 40% year-over-year to ₹66.00 million, with revenue growing 27.85% to ₹202.00 million. The company's investment activities segment performed well, contributing ₹497.92 million to the result, while the real estate segment reported a loss of ₹342.86 million. Total income for Q1 was ₹2,759.93 million, with total expenses at ₹2,008.04 million. The basic and diluted EPS for the quarter stood at ₹0.26. The company is currently evaluating an arbitration award related to inter-corporate deposits.
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Oswal Greentech , a diversified company with interests in real estate and investment activities, has reported a significant increase in its net profit for the first quarter. The company's financial performance shows robust growth in both revenue and profitability.
Financial Highlights
- Net Profit: Oswal Greentech's net profit surged to ₹66.00 million in Q1, marking a substantial 40% year-over-year increase from ₹47.00 million in the same quarter last year.
- Revenue: The company's revenue grew to ₹202.00 million, up from ₹158.00 million in the corresponding period of the previous year, representing a growth of about 27.85%.
Segment Performance
According to the detailed financial results provided in the company's LODR filing:
| Segment | Revenue (₹ million) | Result (₹ million) |
|---|---|---|
| Real Estate | 1,248.48 | (342.86) |
| Investment Activities | 673.82 | 497.92 |
| Unallocated | 837.63 | 617.08 |
Note: Segment results are before tax and interest.
Other Financial Metrics
- Total Income: The company's total income for Q1 stood at ₹2,759.93 million, which includes revenue from operations and other income.
- Expenses: Total expenses for the quarter were ₹2,008.04 million.
- Earnings Per Share (EPS): The basic and diluted EPS for the quarter was ₹0.26 (not annualized).
Management Commentary
Aruna Oswal, Wholetime Director & Chairperson of Oswal Greentech Limited, signed off on the financial results, which were approved by the Board of Directors in their meeting.
Outlook
While the company has shown strong growth in its Q1 results, it's important to note that there are ongoing disputes and arbitration proceedings related to inter-corporate deposits. The company is currently evaluating an arbitration award and consulting with legal advisors to determine future actions.
Oswal Greentech's performance in the real estate segment showed a loss, while its investment activities and unallocated segments contributed positively to the overall profitability. The company's ability to navigate challenges in the real estate sector while leveraging its investment portfolio will be crucial for sustained growth in the coming quarters.
Historical Stock Returns for Oswal Greentech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.17% | +3.53% | -5.48% | -4.60% | -17.46% | +90.29% |
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