X

Ritesh Properties & Industries Ltd Q1FY24; 37% fall in Profits

Ritesh Properties & Industries Ltd was incorporated in 1987, it is engaged in the development of an approved Integrated Industrial Park on the land situated at Ludhiana and engaged in the business of Trading of Fabrics, Real Estate, Shares, Derivatives, Options, Forex, commodities and other Financial instruments. Mr Sanjeev Arora is the Chairman-Cum-MD of the co.

Financial Results:

Ritesh Properties & Industries Ltd reported Revenues for Q1FY24 of ₹34.36 Crores up from ₹24.29 Crore year on year, a rise of 41.46%.

Total Expenses for Q1FY24 of ₹32.14 Crores up from ₹21.47 Crores year on year, a rise of 49.7%.

Consolidated Net Profit of ₹3.20 Crores down 36.51% from ₹5.04 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.04, up 300.00% from ₹0.01 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.

Categories: AlphaGraphs Realty
Tags: Diversified
Related Post