Spectrum Electrical Industries Limited announced robust Q1 FY24 results. Standalone revenue increased by 15.7% YoY to Rs 8,454.81 lakhs, while net profit more than doubled to Rs 608.51 lakhs. Consolidated revenue stood at Rs 8,542.74 lakhs with a net profit of Rs 562.83 lakhs. EPS improved to Rs 3.90 from Rs 1.43 in the previous year. The company has Rs 895.31 lakhs of unutilized funds from its February 2024 QIP, earmarked for capital expenditure.
31May 25
Spectrum Electrical Industries Reports Significant Q4 Profit and Revenue Growth
Spectrum Electrical Industries announced strong Q4 financial results. Net profit more than doubled to ₹134.00 crore from ₹59.00 crore year-over-year. Revenue grew by 36.51% to ₹1,720.00 crore from ₹1,260.00 crore in the same period last year.