Maximus International Reports Robust Q1 Results, Approves Loan-to-Equity Conversion
Maximus International Limited reported significant growth in Q1 FY24. Standalone net profit rose to Rs 21.68 lakhs from a loss in the previous year. Consolidated net profit increased by 9.4% YoY to Rs 232.52 lakhs. Revenue from operations grew marginally by 0.80% to Rs 3,951.97 lakhs. The Board approved a loan-to-equity conversion proposal and appointed new auditors. M/s. DVG & Associates resigned as Internal Auditor due to fee disagreement.