Parle Industries Q1 Results, Revenue Grows to ₹35.33 Lakhs with Net Profit of ₹13.70 Lakhs

Parle Industries Q1 Results 2024 - 2025

Here’s a summary of Parle Industries’ financial results for the first quarter of 2024-2025. The table below outlines the key figures and performance indicators for the period ending June 30, 2024.

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Parle Industries Q1 Results Overview

In the first quarter of the 2024-2025 financial year, Parle Industries reported a notable shift in its business focus and financial performance. The company, which has historically been involved in software exports and development, is now primarily engaged in the paper and infrastructure sectors.

For the quarter ending on June 30, 2024, Parle Industries recorded a revenue of ₹35.33 lakhs, a significant increase from the previous period's ₹16.46 lakhs. This growth reflects the company's ongoing transition and adaptation to its new business lines.

The financial results for this period show a substantial improvement in profitability. The company achieved a profit before tax of ₹23.22 lakhs, compared to a modest ₹5.21 lakhs in the previous quarter. This positive shift is attributed to effective cost management and a strategic focus on high-margin businesses.

Despite some expenses related to material costs and employee benefits, Parle Industries demonstrated a strong overall performance, ending the quarter with a net profit of ₹13.70 lakhs. This sets a solid foundation for the company as it continues to evolve its business strategy.

Parle Industries Current Market Overview

Parle Industries is currently trading at ₹12.2 per share, which is up by 9.98% as of August 19. The company's market value is ₹17.1 crore. The stock has fluctuated between a high of ₹18.4 and a low of ₹6.26 recently.

A price-to-earnings ratio of 71.4 indicates how much investors are willing to pay for each unit of earnings. The company does not offer dividends, and its financial returns are relatively low, with a return on capital employed (ROCE) of 0.33% and a return on equity (ROE) of 0.15%.

Quarterly Results

Here are the quarterly financial results for Parle Industries for December 2023, March 2024, and June 2024:

About Parle Industries

Parle Industries, established in 1983, is a diverse company currently focused on infrastructure, real estate, and the trading of waste paper and related products. Originally known for its software exports and development services, Parle Industries has shifted its focus to paper and infrastructure businesses.

The company operates as a subsidiary of Fortune Point Exports Pvt. Ltd., and it continues to adapt and evolve its business model to meet changing market demands.