Bottomline: PE-owned Halonix’s sales sputter but profit jumps; eyes new growth areas

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Halonix Technologies Pvt. Ltd, a lighting products maker controlled by private equity firm TPG NewQuest, recorded a decline in its topline for the financial year ended March 31, 2024, as it battled pricing pressures, VCCircle has gathered. The Noida, Uttar Pradesh-based company, however, managed to increase its profit for FY24 to ......