ImportantGeneral Updates
Axita Cotton's consolidated revenue for the quarter reached ₹156.70 Cr, a slight increase year-over-year and a solid rebound from ₹139.86 Cr last quarter.
Axita Cotton LimitedAXITA · Filed with the exchange
Net profit after tax stood at ₹1.33 Cr, a positive shift from the previous quarter's loss of ₹1.85 Cr, though down from ₹3.43 Cr year-over-year.
A key development is the divestment of 55% equity in KPR Sports and Media Private Limited, which ceased to be a subsidiary.
This strategic move aligns with the company's focus, as the 'Sports' segment had been reporting losses, potentially improving future profitability.
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