NEW DELHI: Sri Lotus Developers and Realty Ltd experienced a 36% drop in consolidated net profit, reporting Rs 25.78 crore for the first quarter of this fiscal year. This is a decline from Rs 40.16 crore during the same period last year.
The company’s total income decreased to Rs 68.09 crore in the April-June quarter, down from Rs 122.46 crore in the same quarter last fiscal year, as per a regulatory filing on Tuesday.
Earlier this month, Sri Lotus Developers and Realty Ltd successfully launched its Initial Public Offering (IPO) and was listed on the stock exchanges.
