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Ducon Infratechnologies Ltd Q1FY24; 34% fall in Profits

Business Overview
Ducon Infratechnologies Ltd. (founded in 2009) is a growing diversified technology company that operates in a variety of business segments. It provides solutions in the infrastructure, FGD systems, and IT-digital business sectors.
The Company has a wholly-owned subsidiary in the USA named “Ducon Combustion Equipment Inc” with the objective to sell diversified combustion and power products.

Financial Results:

Ducon Infratechnologies Ltd reported Revenues for Q1FY24 of ₹65.57 Crores up from ₹64.35 Crore year on year, a rise of 1.9%.

Total Expenses for Q1FY24 of ₹64.87 Crores up from ₹63.32 Crores year on year, a rise of 2.45%.

Consolidated Net Profit of ₹0.51 Crores down 33.77% from ₹0.77 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.02, down 33.33% from ₹0.03 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.

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