Kriti Industries Reports Strong Q1 Turnaround with 720% Profit Jump
Kriti Industries India has reported a significant financial turnaround in Q1, posting a net profit of ₹720.09 lakhs compared to a ₹364.70 lakhs loss in the previous quarter. Revenue surged to ₹22,405.56 lakhs, up 63% from ₹13,750.65 lakhs. The company's consolidated net profit reached ₹725.84 lakhs, with earnings per share improving to ₹1.40. Additionally, Kriti Industries allotted 15,92,480 equity shares to Kriti Nutrients Limited following warrant conversion.
22May 25
Kriti Industries Reports Q4 Net Loss of ₹3.6 Crore Amid Revenue Decline
Kriti Industries (India) Ltd, a plastic pipes manufacturer, announced Q4 financial results showing a significant downturn. The company reported a net loss of ₹3.60 crore, compared to a ₹3.50 crore profit in the same quarter last year. Revenue decreased by 29.74% year-over-year to ₹137.00 crore from ₹195.00 crore. The results indicate challenges in the company's operating environment, possibly due to increased competition, raw material costs, or changing demand patterns.