Acme Universal Safezone 9 Ltd reported a net profit of Rs 7.02 crore for the first half of FY27. The company previously had a net loss of Rs 7.55 crore. Revenue grew 16.09 percent to Rs 119.93 crore. The firm will use IPO proceeds for expansion and working capital needs.
Synopsis
Acme Universal Safezone 9 Ltd has announced its first half FY27 financial results showing a net profit. The company previously reported a net loss of Rs 7.55 crore in the same period last fiscal year. Revenue from operations increased to Rs 119.93 crore, reflecting a growth of 16.09 percent year-on-year. IPO proceeds will be used for expansion, working capital, and potential acquisitions.
New Delhi: Acme Universal Safezone 9 Ltd, which raised Rs 36 crore through its BSE SME initial public offering (IPO) last month, reported a net profit of Rs 7.02 crore for the first half of FY27.
The industrial safety footwear manufacturer had posted a net loss of Rs 7.55 crore in the corresponding period last fiscal year, which included Rs 11.21 crore in expenses, according to a statement.
Its revenue from operations stood at Rs 119.93 crore, compared to Rs 103.31 crore in H1FY26, registering a year-on-year growth of 16.09 per cent, it added.
The company's shares were listed on the BSE SME platform on October 6, following the closure of its Rs 35.93-crore public issue in September, which was subscribed 16.41 times by investors.
"These are our first results post listing of the company, and they show steady progress across the business. Reported the highest half-yearly revenues of Rs 119.93 crore, growing by 16.09 per cent," Nitin Tiwari, MD of Acme Universal Safezone 9 Ltd, said.
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He added that the company will utilise IPO proceeds for expansion, incremental working capital requirements, funding inorganic growth through unidentified acquisitions, and general corporate purposes. PTI
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