Aartech Solonics Reports Impressive Q1 Profit Surge

Aartech Solonics has reported a 60% increase in net profit for the June quarter, reaching Rs 1.12 crore. The company's net sales also increased by 4.92%. Its EPS rose from Rs 0.67 in June 2023 to Rs 1.06 in June 2024. Aartech is recognized for supplying KranKing Ultracapacitor-based Systems.

Aartech Solonics, a system solution-oriented R&D enterprise, has posted a remarkable 60% year-over-year growth in net profit, reaching Rs 1.12 crore for the June quarter.

According to a company statement, net sales for the same period increased by 4.92%, totaling Rs 6.61 crore, up from Rs 6.30 crore in the previous year.

Profit before tax surged by 64.29% from the year-ago period, hitting Rs 1.61 crore in April-June 2024. Additionally, the company's earnings per share (EPS) increased from Rs 0.67 in June 2023 to Rs 1.06 in June 2024.

In addition to its diversified business portfolio, Aartech has made significant strides in the defense sector, supplying KranKing Ultracapacitor-based Systems for military vehicles since 2021. The Indian Army awarded Aartech a Performance Certificate in July 2024 for this achievement.

Aartech provides technical expertise to its global customer base, enhancing the energy market. Their KranKing Ultracapacitors improve engine performance, reduce voltage dips, and minimize component wear, providing robust electrical support to vehicle batteries.

(With inputs from agencies.)