GLITTEK GRANITES Reports Profit in Q1 Amid Significant Revenue Decline
Glittek Granites achieved a turnaround in Q1 FY2024, reporting a net profit of Rs 5.28 lakhs despite a 95.50% year-over-year revenue decline to Rs 4.68 lakhs. The profit was largely attributed to a significant increase in other income to Rs 67.36 lakhs and an 84.29% reduction in total expenses. The company's total comprehensive income reached Rs 18.02 lakhs, compared to a loss of Rs 313.59 lakhs in the same period last year. The board adopted these unaudited financial results on August 13.