Comfort Intech Limited Reports Strong Financial Growth and Expansion Plans
Comfort Intech Limited, a key player in the liquor manufacturing and goods trading sector, has announced remarkable financial results for the first quarter of FY 25, alongside strategic plans for expansion.
The company reported a significant 137% increase in standalone profit, rising from INR 1.29 crore for the quarter ended March 2024 to INR 3.06 crore for the quarter ended June 2024. Standalone comprehensive income also saw a robust growth of 120%, climbing from INR 6.65 crore in March to INR 14.61 crore in June.
On a consolidated basis, Comfort Intech Limited achieved a staggering 190% growth in net income, which surged from INR 2.87 crore in March to INR 8.29 crore in June. Consolidated comprehensive income experienced a 141% increase, rising from INR 8.24 crore to INR 19.83 crore over the same period.
The company, renowned for its high-quality spirits, including the popular Deccan Blue and Gold Mark Whiskey brands, has sold over 3 million cases. Its state-of-the-art manufacturing facility in Hyderabad, covering 2 acres, features both semi-automatic and fully automatic bottling systems across five lines of operation. This facility not only supports large-volume production but also fulfills contractual obligations.
Buoyed by its impressive financial performance, Comfort Intech Limited is setting its sights on expanding into new markets across India. The company plans to identify and explore lucrative opportunities to ensure strategic and effective growth, further solidifying its position in the industry.
This expansion plan marks a significant step for Comfort Intech Limited as it seeks to capitalize on its successful financial results and enhance its market presence across the country.