Gujarat Cotex Reports Rs 40.59 Lakh Profit in Q1, Reversing Previous Quarter Loss
Gujarat Cotex has reported a profit of Rs 40.59 lakh for Q1 ended June 30, compared to a loss of Rs 23.81 lakh in the previous quarter. Revenue decreased to Rs 447.17 lakh from Rs 800.50 lakh. The company's total expenditure reduced from Rs 816.50 lakh to Rs 449.23 lakh, aligning with revenue decline but at a higher rate. Basic EPS improved to Rs 0.28 from negative Rs 0.06. The turnaround demonstrates effective cost management and operational efficiency despite lower revenue.