Nitiraj Engineers Limited — Others, 13-11-2024: Copy of Newspaper Publication

Nitiraj Engineers Limited has announced a board meeting to discuss the financial results for the quarter and half-year ended on 30th September 2024. The unaudited results indicate a shift in revenue against previous periods, with total revenue of ₹65.02 crore, showing growth from ₹35.33 crore in the previous quarter. Significant expenses included employee benefits of ₹4.20 crore and depreciation of ₹2.79 crore, leading to a pre-tax profit of ₹49.33 crore. Investors may perceive this as a solid performance, potentially enhancing confidence in the company’s recovery post-pandemic challenges, while the growth in revenue suggests opportunities in their business segments.