Ritesh International Reports 37.55 Lakh Net Profit in Q1, Revenue Up 32.7%
Ritesh International Limited, a non-edible oils company, reported strong Q1 FY24 results. Revenue increased by 32.7% to ₹3,504.73 lakh, while net profit soared 162.2% to ₹37.55 lakh compared to the same quarter last year. EPS improved to ₹0.44 from ₹0.17. Total expenses were ₹3,449.59 lakh, with material costs being the largest component at ₹2,601.99 lakh. The financial results were reviewed by statutory auditors and approved by the Board of Directors.