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Arisinfra Solutions Ltd reported a consolidated net profit of INR 15.25 crore in the second quarter of the current fiscal year, marking a significant recovery from a net loss of INR 1.97 crore during the same period last year. The company's total income grew to INR 242.44 crore during the July-September quarter, up from INR 177.59 crore previously. The construction materials supplier attributed the improved performance to steady growth in contract manufacturing and services, alongside better working capital efficiency and enhanced profitability.
Arisinfra Solutions Ltd announced earlier this week that it had recorded a consolidated net profit of INR 15.25 crore for the second quarter of the current financial year, reflecting a substantial turnaround from the net loss of INR 1.97 crore reported in the corresponding period of the previous year. Advertisement
According to the company's regulatory filing, total income rose to INR 242.44 crore during the July-September quarter, compared to INR 177.59 crore in the same period a year earlier. The firm, which operates as a supplier of construction materials, aims to consolidate fragmented suppliers and manufacturers to cater to large developers and contractors across India.
Chairman and Managing Director Ronak K Morbia stated that the company's second-quarter performance demonstrated the growing maturity and strength of its operating model. He noted that Arisinfra experienced consistent expansion in both contract manufacturing and service segments, along with visible gains in working capital efficiency and profitability.
Morbia further commented that with an integrated services order book valued at nearly INR 850 crore, increasing monthly material demand, and higher annual reserved capacity across partner plants, the company was entering the second half of the fiscal year with strong momentum and readiness for further scale-up.
Source - PTI
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