Wakefit Q1 Profit Increases 19% YoY To ₹23.4 Cr, Revenue Crosses ₹400 Cr
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Mattress maker Wakefit saw its net profit for the June quarter (Q1 FY27) increase 19% to ₹23.4 Cr from ₹19.6 Cr in the year-ago quarter. Sequentially, the company’s profit plunged 81% from ₹121.7 Cr.
Operating revenue for the quarter increased 17% YoY and 18% QoQ to ₹404.9 Cr. Including other income of ₹15.6 Cr, total income stood at ₹420.5 Cr.
Total expenses for the quarter increased 14% YoY to ₹384.2 Cr. Meanwhile, tax expenses for the quarter stood at ₹12.9 Cr as against a deferred tax credit of ₹98.1 Cr the company received in the previous quarter.
(The story will be updated shortly)
The post Wakefit Q1 Profit Increases 19% YoY To ₹23.4 Cr, Revenue Crosses ₹400 Cr appeared first on Inc42 Media.
