Categories AlphaGraphs, Earnings, Retail

Safari Industries (India) Ltd Q1FY24; 85% rise in Profits

Safari Industries is in the business of manufacturing and trading of luggage and luggage accessories. There are two broad categories of luggage i.e hard luggage and soft luggage. Hard luggages are mainly made of PolyPropylene (PP) and Polycarbonate (PC) and manufactured in-house by Safari at its Plant located at Halol, Gujarat. Soft luggages are made of fabrics of various kinds and are mainly imported.

Financial Results:

Safari Industries (India) Ltd reported Revenues for Q1FY24 of ₹427.00 Crores up from ₹293.00 Crore year on year, a rise of 45.73%.

Total Expenses for Q1FY24 of ₹364.00 Crores up from ₹259.00 Crores year on year, a rise of 40.54%.

Consolidated Net Profit of ₹50.00 Crores up 85.19% from ₹27.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹21.06, up 77.42% from ₹11.87 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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