Winpro Industries Reports Robust Q1 Results with Rs 14.09 Lakh Profit
Winpro Industries Limited (BSE: 531337) announced unaudited Q1 financial results, showing a remarkable improvement from the previous year. The company reported revenue from operations of Rs 18.91 lakhs, compared to nil in Q1 of the previous year. Net profit reached Rs 14.09 lakhs, a substantial turnaround from a loss of Rs 3.27 lakhs in the same quarter last year. Total expenses were kept under control at Rs 9.90 lakhs. The basic and diluted earnings per share stood at Rs 0.01. Director Abhishek Sanga expressed satisfaction with the company's performance.
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Winpro Industries Limited (BSE: 531337) has announced its unaudited financial results for the first quarter, showcasing a significant turnaround in its performance compared to the same period last year.
Financial Highlights
| Particulars (Rs. in Lakhs) | Q1 | Q1 (Previous Year) | YoY Change |
|---|---|---|---|
| Revenue from Operations | 18.91 | 0.00 | N/A |
| Other Income | 5.07 | 0.00 | N/A |
| Total Revenue | 23.98 | 0.00 | N/A |
| Total Expenses | 9.90 | 3.27 | +202.8% |
| Profit Before Tax | 14.09 | -3.27 | N/A |
| Net Profit | 14.09 | -3.27 | N/A |
| EPS (Basic & Diluted) | 0.01 | 0.00 | N/A |
Key Takeaways
Revenue Growth: Winpro Industries reported revenue from operations of Rs 18.91 lakhs for Q1, compared to nil revenue in the corresponding quarter of the previous year.
Profitability: The company achieved a net profit of Rs 14.09 lakhs, marking a substantial improvement from the loss of Rs 3.27 lakhs in Q1 of the previous year.
Expense Management: Despite the increase in revenue, the company managed to keep its expenses under control, with total expenses at Rs 9.90 lakhs.
Earnings Per Share: The basic and diluted earnings per share stood at Rs 0.01, up from a loss per share of Rs 0.00 in the same quarter last year.
Management Commentary
Abhishek Sanga, Director of Winpro Industries Limited, stated, "The Board of Directors has reviewed and approved the unaudited financial results for the quarter. We are pleased with the company's performance, which demonstrates a significant improvement over the previous year."
Additional Information
- The company's paid-up equity share capital remains unchanged at Rs 4,998.11 lakhs.
- The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting.
- Chartered accountants Rishi Sekhri and Associates conducted a limited review of the results, confirming compliance with applicable accounting standards.
Winpro Industries Limited continues to operate within a single primary business segment, and as such, segment-wise reporting is not applicable.
Investors and stakeholders are advised that these results are subject to limited review and may be subject to changes. The company will provide any necessary updates in accordance with regulatory requirements.
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