Thejo Engineering Limited declared its quarterly financial results for the quarter ended 30th June 2024 on Friday, 9th August 2024. The standalone performance of the Company during Q1FY25 showed a 5% growth in terms of turnover and 32% growth in terms of profitability compared to Q1FY24. However, there was a dip in turnover as well as profitability at the consolidated level during the quarter. There was dip of about 3% in turnover and 25% in profitability at the consolidated level during Q1FY25 compared to Q1FY24. The dip in turnover and profitability was primarily due to lower turnover of the subsidiaries. Some of the subsidiaries could not invoice the products despite orders in hand due to non-receipt of delivery instructions from the customers. The logistics issues associated with the Red Sea crisis impacted the dispatch of products from our manufacturing facilities in India to some of our subsidiaries. Moreover, Thejo Hatcon Industrial Services Company (the Company’s subsidiary in Saudi Arabia) was impacted due to lack of activities in the geography due to Ramadan month in April 2024. The financial results for the quarter ended 30th June 2024 can be accessed at the link