Simplex Infrastructures Returns to Profit Despite 22.6% Revenue Decline in Q1 3 days ago
Simplex Infrastructures Limited reported a mixed financial performance for Q1. Total income decreased by 22.6% to Rs. 162.30 crore from Rs. 209.69 crore in the previous year. However, the company turned profitable with a net profit of Rs. 3.52 crore, compared to a loss of Rs. 10.52 crore in the same quarter last year. Earnings per share improved to Rs. 0.50 from a negative Rs. 1.84. The results indicate improved operational efficiency and effective cost management despite revenue challenges.
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