AION-TECH SOLUTIONS LIMITED — Board Meeting, 29-05-2025: Outcome of Board Meeting
29-05-2025 | 07:57 pm
29-05-2025 | 07:57 pm
Aion-Tech Solutions has announced a board meeting outcome with consolidated financial results reflecting stable operations and strategic moves. Revenue was Rs 889.09 million, while profit before tax rose to Rs 129.78 million, boosted by a one-time land sale gain of Rs 156.35 million. Profit after tax swung positive at Rs 99.02 million, with EPS at Rs 2.85 (FV Rs 10). The company significantly increased its stake in ETO Motors to 58.51%, making it a stepdown subsidiary, and sold Wowtruck Technologies for Rs 100 million. R&D spent Rs 3.05 million on a new SaaS product for zero-emission fleet management, indicating a push into green tech. Consolidated assets stand at Rs 1,276 Cr, with healthy cash and prudent working capital management.
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