Wires & Fabriks Reports Q1 Revenue Growth Amid Profit Decline; Independent Director to Step Down
Wires & Fabriks (S.A.) Limited released its Q1 FY24 results, showing a 9.8% increase in revenue from operations to Rs 2794.78 lakh. However, profit for the period declined by 83.8% to Rs 1.21 lakh. Total income rose to Rs 2815.22 lakh, while total expenses increased to Rs 2811.89 lakh. Earnings per share dropped to Rs 0.04 from Rs 0.25 year-over-year. The company also announced that Mr. Saroj Khemka will cease to be an Independent Director effective August 12.