Mehai Technology Reports 820% YoY Revenue Surge in Q1, Net Profit Up 594%
Mehai Technology Limited reported a significant year-over-year growth in Q1 financials. Revenue increased by 820% to ₹18.58 crore from ₹2.02 crore in the previous year's Q1. Net profit rose by 594% to ₹1.11 crore. However, there was a 64.5% sequential revenue decline from the previous quarter. The operating profit margin decreased to 8.2% from 10.6% year-over-year. The company's paid-up equity share capital increased to ₹37.05 crore from ₹21.81 crore a year ago.