Ashnisha Industries Reports 49% Surge in Q1 Profit, Revenue Dips
Ashnisha Industries Limited, a steel trading and chemical activities company, reported a 49% increase in standalone profit to ₹5.81 lakhs in Q1, despite a revenue decline to ₹34.50 lakhs. Consolidated profit more than doubled to ₹12.20 lakhs. The company's total income, including other income, stood at ₹56.28 lakhs. Steel trading segment generated ₹34.50 lakhs in revenue with ₹0.09 lakhs in results. Consolidated performance showed significant growth in other income to ₹50.28 lakhs, bringing total consolidated income to ₹84.78 lakhs. The company maintains a strong balance sheet with ₹1010.00 lakhs in paid-up equity share capital and ₹5060.50 lakhs in consolidated other equity.