Integra Essentia is in the steel and renewable energy business and recently acquired assets of Chateau Indage Winery in Maharashtra.
Stock Market News: Recycling player Integra Essentia, which specialises in life essentials such as agro products, textiles and garments, has secured a fresh order. The company said in an exchange filing that it has bagged advance orders worth Rs 15 crore from USFDA (United States Food and Drug Administration) certified Sarveshwar Group.
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“Its agro business bagged advance orders amounting to Rs 150 million from Sarveshwar Group. The company is eying to supply agro-products worth about Rs 900 million per year to the Group,” Integra Essentia said in a statement.
Integra Essentia is in the steel and renewable energy business and recently acquired assets of Chateau Indage Winery in Maharashtra.
“To scale up the business operations for the Agro-based Products, the Company has been working on similar long-term association with several prestigious business houses in India and overseas markets as well,” the company said.
Meanwhile, Integra Essentia has reported a net profit of Rs 7.52 crore for the September quarter, aided by higher income. It had clocked a net profit of Rs 2.15 crore in the year-ago period, the company said in a statement on Thursday.
The company’s total revenue rose to Rs 74.75 crore over Rs 59.40 crore in the year-ago quarter. Its expenses were at Rs 64.96 crore as against Rs 57.30 crore a year ago. Integra Essentia is into steel and renewable energy business.
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The company’s revenue from operations grew by 17.11 per cent from Rs 57.12 crore in Q2FY23 to Rs 66.89.71 Lakhs in Q2FY24. Similarly, EBITDA registered a strong jump of 420.98 per cent from Rs 211.11 Lakhs in Q2FY23 to Rs 1099.84 Lakhs in Q2FY24.
