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Creative Newtech Ltd Q1FY24; 46% rise in Profits

Creative Newtech Ltd (Formerly known as Creative Peripherals and Distribution
Limited) is a distribution and marketing partner of Global IT, Imaging and Lifestyle brands catering to their distribution requirements through its omni-channel presence.

Financial Results:

Creative Newtech Ltd reported Revenues for Q1FY24 of ₹468.33 Crores up from ₹238.71 Crore year on year, a rise of 96.19%.

Total Expenses for Q1FY24 of ₹464.17 Crores up from ₹238.80 Crores year on year, a rise of 94.38%.

Consolidated Net Profit of ₹5.88 Crores up 45.91% from ₹4.03 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.67, up 38.99% from ₹3.36 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Marketing
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