Mayukh Dealtrade Boasts 125% Profit Surge in Latest Financial Quarter

BSE-listed Mumbai firm, Mayukh Dealtrade Limited, reported an impressive 125% increase in net profit for Q2 FY25, totaling Rs. 61.77 lakh. Net sales soared 248% year-on-year. The company credits expansion and growth strategies, alongside favorable market conditions, for its remarkable financial performance in the manufacturing sector.

Mayukh Dealtrade Limited, a Mumbai-based firm listed on the Bombay Stock Exchange (BSE: 539519), has reported a notable boost in its financial performance for the quarter ending September 30, 2024. The company's net profit rose sharply by 125% to Rs. 61.77 lakh compared to Rs. 27.47 lakh in the same period last year. This dramatic rise in profit aligns with the firm's strategic expansion efforts within the burgeoning manufacturing sector.

Net sales for the second quarter of FY 2024-25 soared by 248%, reaching Rs. 159.97 lakh, a substantial increase from the Rs. 45.94 lakh reported in the corresponding quarter of the previous year. For the first half of the financial year, the net profit was recorded at Rs. 95.57 lakh, representing a formidable 168.6% rise compared to the initial six months of the prior year, while overall income increased by 129%.

Mit Brahmbhatt, Managing Director of Mayukh Dealtrade, expressed satisfaction with the results, attributing the success to solid growth strategies and robust stakeholder confidence. Despite prevailing geopolitical uncertainties and volatile market prices, the global electrical equipment market continues to thrive, expected to reach $1,662 billion by 2025. Innovations and investments in energy-efficient infrastructure are anticipated to drive sustained growth in the industry.

(With inputs from agencies.)