Tokyo Plast International Reports 73.5% Drop in Q1 Net Profit Despite Revenue Growth
Tokyo Plast International Ltd. reported a 73.5% decline in net profit for Q1, falling to ₹10.14 crore from ₹38.26 crore year-over-year, despite a 2.2% increase in revenue to ₹1,820.73 crore. The profit decline is attributed to increased costs, with material costs rising to ₹1,032.76 crore from ₹641.13 crore. Employee expenses and finance costs also increased. The company's EPS decreased to ₹0.11 from ₹0.40 in the same quarter last year.