Latteys Industries Limited — Updates, 27-11-2024: Press Release (Revised)

Latteys Industries Limited has reported significant financial results for Q2 FY 2024, with revenues increasing from ₹1,575 lakhs to ₹1,873.46 lakhs, reflecting an 18.90% year-on-year growth. Net profit surged to ₹70.12 lakhs, a remarkable increase of 176.38%, with a quarterly growth of 86.20%. Earnings per share (EPS) also tripled, rising by 200% from ₹0.04 to ₹0.12.

The company is focused on expanding its market presence in the Solar Submersible Pump sector, being empanelled for installations across multiple states. With upcoming orders anticipated, Latteys is well-positioned to support India’s green energy initiatives. Mr. Pawan Garg emphasized the company's commitment to quality and sustainability, expressing confidence in achieving continued growth. This positive performance indicates strong demand resilience, marking potential growth opportunities for investors.