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Synergy Green Industries Ltd Q1FY24; 62% rise in Revenue

Synergy Green Industries Ltd is engaged in the business of foundries i.e. manufacturing of wind turbine casting and other large precision castings. It started as a greenfield foundry project and entered commercial operation in June 2012.

Financial Results:

Synergy Green Industries Ltd reported Revenues for Q1FY24 of ₹83.83 Crores up from ₹51.68 Crore year on year, a rise of 62.21%.

Total Expenses for Q1FY24 of ₹80.56 Crores up from ₹54.11 Crores year on year, a rise of 48.88%.

Consolidated Net Profit of ₹2.49 Crores from -₹1.77 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.76, from -₹1.25 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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