Fruition Venture Limited Swings to Profit in Q1, Reports Rs 11.32 Crore Net Profit
Fruition Venture, a diversified company in polymers and other products, has reported a notable financial turnaround for Q1 ended June 30. The company posted a net profit of Rs 11.32 crore, reversing losses from previous periods. Revenue from operations increased to Rs 108.56 crore. The polymers segment generated Rs 21.71 crore, while other products contributed Rs 86.85 crore. Total assets stand at Rs 495.64 crore, with total liabilities at Rs 167.10 crore. The company's EPS improved to Rs 0.34. Statutory auditors have issued an unmodified opinion on the unaudited financial results.