Latteys Industries Q1 Results Revenue at ₹1,970.11 Million, Net Profit at ₹37.66 Million

Latteys Industries Q1 Results

Latteys Industries has reported its financial performance for the first quarter of the fiscal year 2024-2025. For this period, the company has seen a rise in revenue and profits compared to the previous quarter. The revenue from operations for the quarter ended June 30, 2024, was ₹1,970.11 million, an increase from ₹1,728.37 million reported for the entire previous fiscal year. This rise in revenue indicates a positive growth trend for the company.

In terms of expenses, the company faced costs related to materials, employee benefits, and other operational expenses. The total expenditure for the quarter was ₹1,927.09 million, which is higher compared to ₹1,698.59 million for the full year ended March 31, 2024. Despite these higher expenses, the company's profit before exceptional items and tax was ₹50.74 million, showing an improvement from ₹27.93 million in the previous year.

The net profit for the quarter was ₹37.66 million, an increase from ₹30.29 million in the previous year. The total comprehensive income, including other comprehensive income, for the quarter was ₹37.66 million. This shows that the company is performing well and maintaining a stable financial position.

Source: Here 

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Latteys Industries Q1 Results 2024-2025  

This table summarizes Latteys Industries’ performance for the first quarter of 2024-2025, highlighting key figures and comparing them to the previous fiscal year.

Here’s the information: 

Latteys Industries 

Latteys Industries table shows financial details. Their market capitalization is ₹109 crores, meaning the total value of all its shares is this amount. The current stock price is ₹18.9. The highest price the stock has reached is ₹45.5, and the lowest is ₹13.0. 

Here’s the data: 

Quarterly Results 

Latteys Industries' financial performance from December 2023 to June 2024 shows some key trends. In December 2023, the company had sales of ₹12.51 crores and expenses of ₹11.38 crores, leading to an operating profit of ₹1.13 crores and a high operating profit margin of 9.03%. 

Here is the data for Dec 2023, Mar 2024, and Jun 2024:

About Latteys Industries

Latteys Industries is a leading company in India that makes energy-efficient submersible pumps. They started their business in 2004 in Chhatraal, Gujarat, and later moved to a larger facility in GIDC Naroda, Gujarat, in 2011. They have a big factory, covering 150,000 square feet, and can produce about 120,000 pumps each year. The company makes over 2,000 different models of pumps for various uses like agriculture, industry, and domestic needs.

Latteys Industries is known for its high-quality products and has many certifications, including ISO 9001:2015, which shows they follows international quality standards. Their pumps also meet different Indian standards, like IS 8034 for submersible pumps and IS 8472 for self-priming pumps. They have around 200 models with a 5-star rating from the Bureau of Energy Efficiency, showing they are very energy-efficient.

Latteys Industries uses materials like copper wire and stainless steel, which they get from local suppliers. They have a team of engineers who work on improving the design and performance of their pumps. The company is run by Mr. Kapoor Chand Garg and Mr. Pawan Garg, who have over ten years of experience in the pump industry. Latteys Industries is committed to providing high-quality products at competitive prices and aims to continue growing globally.