Hindustan Agrigenetics Reports Strong Q1 Turnaround with ₹40.19 Lacs Profit
Hindustan Agrigenetics Limited (HAL) posted a net profit of ₹40.19 lacs in Q1, reversing the previous quarter's loss of ₹51.61 lacs. Total revenue increased to ₹55.48 lacs from ₹17.92 lacs, driven by interest income and positive changes in investment values. The company demonstrated effective cost control, reducing total expenses to ₹15.29 lacs from ₹69.80 lacs. EPS improved to ₹0.91 from ₹(1.17). Total reserves increased to ₹802.51 lacs.