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Ambica Agarbathies Unveils Q3 Financial Results Amidst COVID-19 Challenges

Story Highlights
  • Ambica Agarbathies specializes in aromatic products and has expanded into hospitality.
  • The company reported increased income but faced challenges in its hotel division due to COVID-19.
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Ambica Agarbathies Unveils Q3 Financial Results Amidst COVID-19 Challenges

Ambica Agarbathies & Aroma Industries Ltd. ( (IN:AMBICAAGAR) ) has issued an announcement.

Ambica Agarbathies & Aroma Industries Limited has released its unaudited financial results for the third quarter and nine months ending December 31, 2024. The company reported a total income increase compared to the previous year, but profit before tax decreased from the previous quarter. The results highlight the challenges faced by the company’s hotel division due to COVID-19, impacting cash flow and loan repayments. Despite these challenges, management remains optimistic about resuming regular EMI payments.

More about Ambica Agarbathies & Aroma Industries Ltd.

Ambica Agarbathies & Aroma Industries Limited operates in the aroma industry, specializing in the production of incense and related aroma products. The company is focused on the production and sale of aromatic products and has also ventured into the hospitality sector.

YTD Price Performance: -1.96%

Average Trading Volume: 4,995

Current Market Cap: 533.7M INR

For detailed information about AMBICAAGAR stock, go to TipRanks’ Stock Analysis page.

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