Omnitech Engineering reported a strong Q1.

Revenue and profit both saw a big jump compared to last year. ✦ Revenue: ₹166.7 Cr (+61.5% YoY) ✦ PAT: ₹29.7 Cr (+469% YoY) ✦ EPS: ₹2.40 (vs ₹0.49) A few things stood out: 🔥Revenue increased from ₹103.2 Cr to ₹166.7 Cr. 🔥Profit rose sharply from ₹5.2 Cr to ₹29.7 Cr. A couple of things to keep in mind: ⚠️ Profit was helped by a change in the depreciation method. Without this, PBT would have been lower by about ₹7.6 Cr. ⚠️ The company currently operates in one business segment, so its performance depends mainly on that business. Overall, it was a strong quarter. The growth in revenue is encouraging, but it's worth remembering that the accounting change also supported this quarter's profit.