Saianand Commercial Reports Turnaround with Rs 23.15 Lacs Profit in Q1
Saianand Commercial Limited has reported a significant financial turnaround for Q1 ended June 30. The company swung to a net profit of Rs 23.15 lacs from a loss of Rs 54.52 lacs in the same quarter last year. This improvement came despite a decrease in revenue from Rs 43.76 lacs to Rs 34.03 lacs. The company's total expenses reduced drastically from Rs 98.28 lacs to Rs 10.88 lacs, contributing to the positive outcome. The Earnings Per Share (EPS) improved to Rs 0.01 from a negative figure in the previous year.