Virtuoso Optoelectronics has announced the financial results for the quarter.

Consolidated revenue significantly grew to 375.88 Cr, with profit hitting 9.05 Cr.

Standalone revenue stood at 375.47 Cr, with profit at 8.38 Cr.

The company is strategically converting a 9.99 Cr inter-corporate deposit into equity in its wholly-owned subsidiary, Virtuoso Polymers, to reduce its interest burden.

The board also approved the resignation of M/s. Pooja M Kulkarni & Co as Internal Auditor, appointing M/s. Tolwani & Associates in their place.

Additionally, a subsidiary issued Rs. 75 Cr in debentures, and the company is appealing a 4.76 Cr GST tax demand.