Remsons net up 25% in Q2 on better product mix
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Remsons Industries reported a 25 per cent rise in net profit to ₹5 crore for the September quarter.
- ✓Revenue grew 17 per cent to ₹135 crore, helped by a better product mix.
- ✓Chairman Krishna Kejriwal said the quarter reflects continued momentum in core business and sustained demand across product portfolios.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Revenue up 17% to ₹135 crore from ₹116 crore. EBITDA down 8% to ₹12 crore from ₹13 crore
Remsons Industries, an automotive components manufacturer, has reported that its net profit for the September quarter rose 25 per cent to ₹5 crore from ₹4 crore in the same period last year, driven by a better product mix and a sharp rise in raw material costs.
Revenue increased 17 per cent to ₹135 crore (₹116 crore). EBITDA was down 8 per cent to ₹12 crore (₹13 crore).
The company's growth rate was well above the industry, even against a challenging macroeconomic backdrop characterised by raw material inflation and global trade dislocation, said Remsons Industries in a statement.
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