Unimech Aerospace Reports 10% Drop in Quarterly Profit Despite Revenue Growth

Unimech Aerospace and Manufacturing Ltd experienced a 10% dip in Q4 profit to Rs 26.1 crore due to higher costs, despite a 20% revenue increase. Strategic investments and expanded international presence positioned the company for future growth.

Unimech Aerospace and Manufacturing Ltd announced a 10% decline in profit after tax, amounting to Rs 26.1 crore for the March quarter, compared to Rs 29.2 crore in the previous year's corresponding period.

The company's revenue from operations rose by 20%, reaching Rs 81.8 crore. The dip in profit was attributed to higher depreciation and finance costs following strategic investments aimed at enhancing the company’s capacity and capability.

Chief Executive Anil Kumar Puttan highlighted that despite a volatile global trade environment, the firm's operations remained robust. The strategic expansions, including a joint venture with the Yusuf Bin Ahmed Kanoo Group and acquiring Hobel Bellows, were key in future readiness.

Looking ahead, Unimech is optimistic about capitalizing on opportunities in diverse sectors such as aerospace, energy, and defence, armed with an impressive order book of approximately Rs 314 crore, showcasing healthy customer engagement across key segments.