Oricon Enterprises Limited — Important, 09-12-2024: General Updates

**Company Update:**

Oricon Enterprises Limited reported un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024. The company's gross revenue from the sale of products and services surged to ₹4,063.44 Cr in the quarter, up from ₹2,641.72 Cr in the same period last year. Total un-audited income for the standalone entity reached ₹5,462.46 Cr, while the consolidated figure was ₹5,951.66 Cr. Both standalone and consolidated profits before tax were reported at ₹288.77 Cr and ₹474.51 Cr, respectively. The company experienced a significant profit recovery driven by the gain from discontinued operations related to the slump sale of its plastic closure and preform business for ₹520 Cr, contributing a profit after tax of approximately ₹12,532.04 Cr from all discontinued operations. This positive trend highlights the company's strategic transition and operational efficiencies, warranting close observation for potential growth and value creation in the market.