Karuturi Global recorded a 50.24 per cent rise in profits at Rs 15.55 crore on a consolidated basis for the first quarter this fiscal.
But the company’s revenues decreased 12.41 per cent to Rs 122.72 crore in the same quarter, while EPS stood at Rs 0.18 compared with Rs 0.12 for the last year.
The board has approved restructuring/ re-issuance of foreign currency convertible bonds (FCCBs) amounting to $55,077,536 including interest. The company has also received in-principal approval from the Reserve Bank of India to extend the maturity period for this proposal by one year.