Aartech Solonics, a research & development enterprise, reported a 60% increase in net profit to Rs 1.12 crore in the June quarter. The company's net sales also rose by nearly 5%.
New Delhi, Sep 2 (PTI) A system solution-oriented research and development enterprise Aartech Solonics has posted a 60 per cent on-year jump in net profit to Rs 1.12 crore in the June quarter.
Aartech Solonics Ltd net sales stood at Rs 6.61 crore in June quarter, up 4.92 per cent, from Rs 6.30 crore in the year-ago period, according to a company statement.
Profit before tax stood at Rs 1.61 crore in April-June 2024, up by 64.29 per cent from the year-ago period.
Aartech Solonics' EPS (earning per share) increased to Rs 1.06 in June 2024, from Rs 0.67 in June 2023.
The company, which has been into diversified business, has taken steps in the field of defence.
It supplies KranKing Ultracapacitor-based Systems for 'A' vehicles from 2021.
This achievement has been recognized by the Indian Army, who have awarded the company with a Performance Certificate in July 2024.
Aartech Solonics provides technical expertise to all its customers in expanding the energy market across the globe.
KranKing Ultracapacitors can be employed in onboard installations for vehicles, service station carts for fleet operations, service vehicle mounted form for a work site, to largely address such issues.
KranKing Ultracapacitors can not only enhance engine starting performance and reliability by enhancing robust electrical support to the batteries, but reduce the extent of voltage dips thus substantially improving the performance of the mounted peripherals, reducing the wear and tear on the components.
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