Quarterly Result12 Aug 2025, 05:43 pm
Somi Conveyor Beltings Ltd. Reports Q1 Results with 26.96% Revenue Growth and Expansion Plans
AI Summary
Somi Conveyor Beltings Ltd. has announced its standalone unaudited financial results for the first quarter ended 30th June, 2025. The company has reported a revenue from operations of INR 2,651.27 Lakhs, representing a 26.96% growth compared to the same period last year. The net profit for the quarter stands at INR 120.28 Lakhs. The company is also investing in a production expansion in Mixing Line, aiming to increase its compounding capacity for all grades of conveyor belt including steel cord belt. This expansion is expected to commence within the current financial year.
Key Highlights
- Revenue from operations for Q1 FY2025-2026 is INR 2,651.27 Lakhs, a 26.96% growth compared to Q1 FY2024-2025
- Net profit for the quarter stands at INR 120.28 Lakhs
- The company is investing in a production expansion in Mixing Line, aiming to increase its compounding capacity for all grades of conveyor belt including steel cord belt
- The expansion is expected to commence within the current financial year
- No material misstatements or non-disclosures found in the review conducted by Singhvi & Mehta, Chartered Accountants