Rungta Irrigation Reports 6.4% Increase in Q1 Net Profit, Revenue Jumps 19.9%
Rungta Irrigation Limited announced strong Q1 financial results with revenue from operations increasing by 19.9% to ₹3,645.35 lakh. Net profit rose by 6.4% to ₹134.77 lakh. Total expenses increased by 20% to ₹3,537.18 lakh. Earnings per share stood at ₹0.67. The results were approved by the Board of Directors after review by the Audit Committee and statutory auditors.
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Rungta Irrigation Limited, a key player in the irrigation systems sector, has announced its financial results for the first quarter, showcasing robust growth in both revenue and profitability.
Financial Highlights
- Revenue Growth: The company reported revenue from operations of ₹3,645.35 lakh, marking a significant increase of 19.9% compared to ₹3,040.22 lakh in the corresponding quarter of the previous year.
- Profit Surge: Net profit stood at ₹134.77 lakh, up by 6.4% from ₹126.63 lakh in the same period last year.
- Expenses: Total expenses were ₹3,537.18 lakh, compared to ₹2,946.70 lakh in the previous year's corresponding quarter, reflecting an increase of 20% in line with revenue growth.
- Earnings Per Share: The company's earnings per share (both basic and diluted) was ₹0.67 for the quarter.
Key Financial Metrics
| Particulars (in ₹ lakh) | Q1 Current | Q1 Previous | YoY Change |
|---|---|---|---|
| Revenue from Operations | 3,645.35 | 3,040.22 | +19.9% |
| Total Expenses | 3,537.18 | 2,946.70 | +20.0% |
| Net Profit | 134.77 | 126.63 | +6.4% |
| EPS (in ₹) | 0.67 | 0.64 | +4.7% |
Board Meeting and Audit Review
The financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meeting. The meeting commenced at 1:00 p.m. and concluded at 2:35 p.m.
M/s. Mamraj & Co., the statutory auditors of the company, conducted a limited review of the financial results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About Rungta Irrigation Limited
Rungta Irrigation Limited is engaged in the irrigation systems sector. The company has its registered office at 101, Pragati Tower, 26 Rajendra Place, New Delhi - 110008.
Investors and stakeholders can access more detailed information about the company's financial performance on its official website at https://www.rungtairrigation.in/investor-information/ .
The positive Q1 results indicate a strong start to the fiscal year for Rungta Irrigation Limited, positioning the company for potential growth in the coming quarters.
Historical Stock Returns for Rungta Irrigation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.08% | +1.20% | +3.53% | -7.28% | -19.87% | +532.84% |
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