Uma Exports Reports Decline in Q1 Profits Amid Challenging Market Conditions
Uma Exports Limited, an agri-products company, reported a significant decrease in profits for Q1. Standalone net profit fell by 94.6% to Rs 25.08 lakhs, while revenue dropped 18.9% to Rs 29,996.05 lakhs compared to the same quarter last year. Consolidated results showed a 93.3% decrease in net profit to Rs 43.23 lakhs, with revenue declining 23.9% to Rs 30,032.91 lakhs. The company's EPS also saw a substantial reduction both on standalone and consolidated basis.