Mumbai, July 15 -- Revenue from operations declined 41.59% year on year (YoY) to Rs 26.13 crore during the quarter.

Total expenses fell 38.31% YoY to Rs 27.32 crore. The cost of materials consumed declined 48.42% to Rs 6.53 crore, while project execution expenses fell 40.16% to Rs 10.65 crore. Employee benefits expense remained flat at Rs 4.84 crore, while finance costs declined 24.24% YoY to Rs 1.75 crore.

The company reported a pre-tax loss of Rs 0.77 crore in Q1 FY27, compared with a profit before tax of Rs 0.47 crore in the same quarter last year.

Artson (formerly known as Artson Engineering) is a design, engineering, procurement, and construction company in the oil, gas, and hydrocarbon processing industry. It is specialized in ta...