Net profit of Akshar Spintex rose 829.73% to Rs 3.44 crore in the quarter ended March 2023 as against Rs 0.37 crore during the previous quarter ended March 2022. Sales declined 20.33% to Rs 37.39 crore in the quarter ended March 2023 as against Rs 46.93 crore during the previous quarter ended March 2022.
For the full year,net loss reported to Rs 2.76 crore in the year ended March 2023 as against net profit of Rs 6.98 crore during the previous year ended March 2022. Sales declined 21.25% to Rs 135.53 crore in the year ended March 2023 as against Rs 172.11 crore during the previous year ended March 2022.
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