Astounding Growth: Advanced Enzyme Technologies’ Net Profit Soars by 18.54% in June 2024 Quarter | Capital Market News
Advanced Enzyme Technologies Reports 18.54% Rise in Q1 Net Profit
Last Updated: Aug 10, 2024 | 12:04 PM IST
Advanced Enzyme Technologies has reported an 18.54% increase in net profit for the quarter ended June 2024. The net profit rose to Rs 34.15 crore, up from Rs 28.81 crore in the same quarter of the previous year. Similarly, sales saw a modest growth of 4.92%, reaching Rs 154.52 crore compared to Rs 147.28 crore in the previous year’s quarter.
Key Financial Highlights (Q1 FY2024 vs Q1 FY2023):
- Sales: Rs 154.52 crore, up 4.92% from Rs 147.28 crore
- Operating Profit Margin (OPM): 33.12%, up from 29.89%
- Profit Before Depreciation and Tax (PBDT): Rs 57.29 crore, an increase of 14%
- Profit Before Tax (PBT): Rs 48.67 crore, up 18%
- Net Profit (NP): Rs 34.15 crore, a growth of 18.54%
This financial performance indicates robust growth and improved margins for the company, pointing to a potentially strong fiscal year ahead.
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