The board of directors of Heranba Industries has approved a ₹25 crore Heranba Industries investment in Mikusu India. The capital allocation decision comes alongside the company reporting a turnaround in its financial performance for the first quarter of FY27.
The investment approval highlights the company’s strategic focus following its return to profitability in the April-June quarter.
Board Approves Heranba Industries Investment in Mikusu India
During its latest meeting, the board of directors of Heranba Industries formally sanctioned the proposal to invest ₹25 crore in Mikusu India. The decision reflects the company’s updated capital allocation priorities following recent operational developments.
Financial Turnaround in Q1 FY27
In tandem with the investment decision, Heranba Industries released its financial performance figures for Q1 FY27. The company rebounded into profitability during the quarter, posting a net profit of ₹7.03 crore. This marks a recovery compared to the net loss recorded in the preceding quarter.
Financial data shows that Heranba Industries saw its net profit rise by 57% during Q1 FY27. The increase underscores positive movement in the firm’s quarterly earnings profile.
In other corporate financial announcements, Daikaffil Chemicals reported a 90% year-on-year surge in its consolidated net profit for the first quarter of the fiscal year.