Foseco India (500150) Q1 2024 earnings summary

Executive summary

• Q1 2024 revenue from operations was ₹12,255.20 lakh and net profit was ₹1,584.72 lakh; both were higher than in Q1 2023.

• The statutory auditors issued an unmodified limited review conclusion on the unaudited results.

Financial highlights

• Revenue from operations ₹12,255.20 lakh vs ₹11,094.50 lakh YoY; total income ₹12,613.29 lakh vs ₹11,615.22 lakh.

• Total expenses ₹10,487.16 lakh vs ₹9,701.40 lakh YoY.

• Profit before tax ₹2,126.13 lakh vs ₹1,913.82 lakh YoY; net profit ₹1,584.72 lakh vs ₹1,423.66 lakh.

Segment performance

• One reportable segment: metallurgical products and services, under Ind AS 108.