Dhanalaxmi Roto Spinners Q1 Results Total Income at ₹29.68 Crore & Operating Profit at ₹1.49 Crore

Dhanalaxmi Roto Spinners Growth Overview 

Dhanalaxmi Roto Spinners Q1 Results: Dhanalaxmi Roto Spinners' Q1 results for June 2024 show significant changes compared to previous periods. For total revenue, the company earned ₹29.68 crores in Q1 of June 2024, which is a big drop of 47.13% quarter-on-quarter (QoQ) from ₹49.92 crores in March 2023. Year-over-year (YoY), revenue decreased by 41.57% from ₹50.79 crores in June 2023.

Selling, general, and administrative expenses increased by 7.45% QoQ from ₹1.14 crores to ₹2.08 crores, but YoY, these expenses fell by 9.39% from ₹2.30 crores. Depreciation and amortization costs grew by 33.11% QoQ from ₹0.06 crores to ₹0.08 crores and rose by 9.09% YoY from ₹0.07 crores.

Other operating expenses improved, decreasing by 53.19% QoQ from -₹2.13 crores to -₹1.43 crores, and saw a 62.06% YoY increase from -₹0.88 crores. Total operating expenses dropped by 45.28% QoQ from ₹45.38 crores to ₹28.18 crores and fell by 40.08% YoY from ₹47.03 crores.

Operating income decreased by 67.71% QoQ from ₹4.53 crores to ₹1.49 crores and fell by 60.21% YoY from ₹3.76 crores. Net income before taxes dropped by 69.74% QoQ from ₹4.25 crores to ₹1.32 crores and decreased by 62.31% YoY from ₹3.51 crores. Net income also fell by 70.78% QoQ from ₹3.08 crores to ₹1.04 crores and was down by 58.45% YoY from ₹2.50 crores. Finally, diluted normalized EPS fell by 70.80% QoQ from ₹7.91 to ₹2.67 and was down by 58.41% YoY from ₹6.42.

Here's a summary of Dhanalaxmi Roto Spinners' Q1 results, with all figures in crores except per share values:

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Dhanalaxmi Roto Spinners Q1 Results

Dhanalaxmi Roto Spinners has shared its financial results for the quarter ending on June 30, 2024. During this period, the company earned ₹2,067.63 lakhs from its operations, which is lower compared to the ₹5,613.08 lakhs earned in the previous quarter but higher than the ₹5,079.08 lakhs earned a year ago. The company also earned ₹143.20 lakhs from other sources, bringing its total revenue to ₹3,110.83 lakhs. This is less than the total revenue of ₹5,916.99 lakhs in the previous quarter and ₹5,167.44 lakhs a year ago.

Dhanalaxmi Roto Spinners’ expenses totaled ₹2,978.41 lakhs, which includes costs like buying stock, employee salaries, interest payments, and depreciation. These expenses are higher compared to ₹5,880.72 lakhs last quarter and ₹4,816.07 lakhs a year ago. After deducting expenses, the company made a profit of ₹132.42 lakhs before accounting for any special or extraordinary items. This is lower than the ₹437.67 lakhs profit made in the previous quarter but higher than the ₹351.37 lakhs profit a year ago.

Dhanalaxmi Roto Spinners paid ₹28.41 lakhs in taxes, leaving a net profit of ₹104.01 lakhs for this quarter, compared to ₹356.01 lakhs last quarter and ₹250.31 lakhs a year ago. The earnings per share were ₹2.67, which is lower than the ₹9.13 in the previous quarter but the same as the ₹6.42 reported a year ago.

Here's a simplified version of the financial results for Dhanalaxmi Roto Spinners for the quarter ended June 30, 2024:

(Amount in Lakhs) 

Dhanalaxmi Roto Spinners Stock Performance 

The table provides financial details for Dhanalaxmi Roto Spinners. The company's market capitalization is ₹70.8 crore, indicating its total market value. The current stock price is ₹182, and the price has varied between ₹235 (high) and ₹98.8 (low). The Price-to-Earnings (P/E) ratio is 6.62, which shows how cheap or expensive the stock is compared to its earnings. The book value of the stock is ₹126, meaning the value of the company's assets per share. 

Here’s the information in a table format:

Quarterly Results 

The financial performance of Dhanalaxmi Roto Spinners for three quarters: December 2023, March 2024, and June 2024. It includes important figures like sales, expenses, operating profit, and net profit. For December 2023, the company made Rs. 49.54 crore in sales and had expenses of Rs. 47.49 crore, leading to an operating profit of Rs. 2.05 crore. By March 2024, sales increased to Rs. 56.13 crores, but operating profit dropped to Rs. 1.64 crores.

Here is the data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Dhanalaxmi Roto Spinners 

Dhanalaxmi Roto Spinners is a company from Hyderabad, India, started in 1986 by the Inani family. Originally, it focused on making cotton and cotton yarn. In 1995, the company became listed on the Bombay Stock Exchange. As the business grew, it expanded into international trade in 2000, becoming a prominent player in the wood pulp and paper industry.

Dhanalaxmi Roto Spinners’ vision is to be a global leader in trading wood pulp and paper, creating strong partnerships with both suppliers and customers. Dhanalaxmi aims to build lasting relationships by offering personalized solutions and support in sourcing products worldwide. They provide additional services such as warehousing, logistics, and financial support to meet their customers' needs.

Dhanalaxmi Roto Spinners has consistently grown and achieved its goals since its inception. The company values customer satisfaction and aims to exceed expectations. It focuses on adapting to market changes and offering high-quality products and services. With a commitment to long-term growth and strategic management, Dhanalaxmi continues to be a reliable partner in the industry.