Mumbai, May 29
Apex Ecotech Limited has reported a weak performance for the fourth quarter of FY25, with the company’s net profit dropped by 18.2 per cent year-on-year (YoY) to Rs 7 crore in Q4, down from Rs 8.56 crore in the year-ago period (Q4 FY24).
Revenue from operations also saw a sharp fall of 30.6 per cent, coming in at Rs 49.25 crore compared to Rs 70.95 crore in Q4 FY24, according to its stock exchange filing.
Total income for the quarter also dropped 30.5 per cent to Rs 49.75 crore, while total expenses declined by 32.8 per cent to Rs 40.45 crore during the same quarter.
Despite the drop in revenue, the reduction in expenses helped soften the impact on profits.
However, reflecting on the company’s overall performance for the year, Anuj Dosajh, Chairman and Managing Director of Apex Ecotech, said FY25 was a landmark year for the company.
He highlighted strong growth in the second half of the year, where revenue from core operations surged by 126.97 per cent to Rs 49.25 crore.