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Sula Vineyards Ltd Q1FY24; 45% rise in Profits

Incorporated in 2003, Sula Vineyards Limited is India’s largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including “RASA,” “Dindori”, “The source,” “Satori”, “Madera” & “Dia” with its flagship brand “Sula” being the “category creator” of wine in India.

Financial Results:

Sula Vineyards Ltd reported Revenues for Q1FY24 of ₹108.00 Crores up from ₹86.00 Crore year on year, a rise of 25.58%.

Total Expenses for Q1FY24 of ₹88.00 Crores up from ₹73.00 Crores year on year, a rise of 20.55%.

Consolidated Net Profit of ₹16.00 Crores up 45.45% from ₹11.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.94, up 40.58% from ₹1.38 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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