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- High Street Filatex Q1 Results Net Loss Of Rs. 6.83 Lakhs, And Total Expenses Of Rs. 6.83 Lakhs
High Street Filatex Q1 Results Net Loss Of Rs. 6.83 Lakhs, And Total Expenses Of Rs. 6.83 Lakhs
High Street Filatex Q1 Results reveal a 100% QoQ drop in revenue and a net loss of Rs. 6.83 lakhs, down from a profit of Rs. 15.75 lakhs in Q4 2023, with EPS declining by 143.7%; High Street Filatex Q1 Results also show a 93.5% reduction in total expenses.
by P Nandhini
Updated Aug 28, 2024
Table of Content
High Street Filatex Q1 Results Live: High Street Filatex announced their unaudited financial results for the first quarter ending June 30, 2024. The company reported no revenue from operations for the quarter, compared to Rs. 121.10 lakhs in the previous quarter (Q4 2024), marking a significant quarter-over-quarter decline of 100%.
The company’s total income also dropped by 100% from the preceding quarter, where it stood at Rs. 121.10 lakhs. In terms of expenses, High Street Filatex saw a total expenditure of Rs. 6.83 lakhs for Q1 2024, down from Rs. 105.35 lakhs in the previous quarter, reflecting a decrease of approximately 93.5%.
The company's net loss for the quarter was Rs. 6.83 lakhs, compared to a profit of Rs. 15.75 lakhs in Q4 2024. This resulted in a negative earnings per share of Rs. 1.06, as opposed to a positive Rs. 2.43 in the prior quarter.
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High Street Filatex Q1 Results 2024 - 2025
Here's a summary of High Street Filatex's financial performance for the first quarter of 2024:
| Particulars | Q1 2024 (Un-Audited) | Q4 2023 (Audited) | % Change (QoQ) |
|---|---|---|---|
| Revenue from Operations (Gross) | 0.00 | 121.10 | -100% |
| Other Income | 0.00 | 0.00 | 0% |
| Total Income | 0.00 | 121.10 | -100% |
| Cost of Materials Consumed | 0.00 | 0.00 | 0% |
| Purchase of Stock-in-Trade | 0.00 | 100.08 | -100% |
| Changes in Inventories | 0.00 | 0.00 | 0% |
| Employee Benefits Expense | 1.90 | 1.65 | +15.15% |
| Finance Cost | 0.00 | 0.00 | 0% |
| Depreciation and Amortisation Expense | 0.05 | 0.05 | 0% |
| Listing Fee | 3.25 | 0.00 | N/A |
| Land & Building Tax | 0.00 | 0.00 | 0% |
| Postage Expense | 1.12 | 0.00 | N/A |
| ESI Demand | 0.00 | 1.52 | -100% |
| Bad Debts | 0.00 | 0.65 | -100% |
| Other Expenses | 0.51 | 1.40 | -63.57% |
| Total Expenses | 6.83 | 105.35 | -93.5% |
| Profit/(Loss) Before Exceptional Items and Tax | (6.83) | 15.75 | -143.3% |
| Exceptional Items | 0.00 | 0.00 | 0% |
| Profit/(Loss) Before Tax | (6.83) | 15.75 | -143.3% |
| Current Tax | 0.00 | 0.00 | 0% |
| Deferred Tax | 0.00 | 0.00 | 0% |
| Net Profit/(Loss) After Tax | (6.83) | 15.75 | -143.3% |
| Total Comprehensive Income/(Loss) | (6.83) | 15.75 | -143.3% |
| Paid-up Equity Share Capital (Rs. 10 each) | 64.70 | 64.70 | 0% |
| Earnings Per Share (Basic) | (1.06) | 2.43 | -143.7% |
| Earnings Per Share (Diluted) | (1.06) | 2.43 | -143.7% |
Source: Click Here
High Street Filatex Current Market Overview
High Street Filatex is currently trading at ₹66.1 per share on the Bombay Stock Exchange (BSE) with a market cap of ₹4.28 crore. The stock's price has ranged from ₹36.3 to ₹66.1 recently. It has a high Price-to-Earnings (P/E) ratio of 85.6, reflecting high market expectations.
The company's book value is negative, and it does not pay dividends. However, it has a strong return on capital employed (ROCE) of 77.8%, indicating effective use of its capital.
| Metric | Value |
|---|---|
| Current Price | ₹66.1 |
| Market Cap | ₹4.28 Cr. |
| High / Low | ₹66.1 / ₹36.3 |
| Stock P/E | 85.6 |
| Book Value | ₹-21.0 |
| Dividend Yield | 0.00% |
| ROCE | 77.8% |
| Face Value | ₹10.0 |
Quarterly Results
Here is the quarterly financial summary for High Street Filatex for the recent quarters:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 0.25 | 1.21 | 0.00 |
| Expenses | 0.25 | 1.05 | 0.07 |
| Operating Profit | 0.00 | 0.16 | -0.07 |
| Operating Profit Margin (OPM %) | 0.00% | 13.22% | N/A |
| Other Income | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | 0.00 | 0.16 | -0.07 |
| Tax % | N/A | 0.00% | 0.00% |
| Net Profit | 0.00 | 0.16 | -0.07 |
| EPS (Rs.) | 0.00 | 2.47 | -1.08 |
About High Street Filatex
High Street Filatex is a prominent sock manufacturer and exporter based in Jaipur, India, established in 1994. The company operates state-of-the-art facilities equipped with advanced Italian knitting machines, allowing it to produce a high volume of socks—over 13 million pairs annually.
As one of the largest sock producers in India, High Street Filatex holds certifications from major brands like Adidas and Reebok and is recognized for its quality and compliance. Jaipur, known as the Pink City, offers excellent connectivity with major Indian cities and ports, enhancing the company's export capabilities.
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High Street Filatex Q1 Results - FAQs
1. What were High Street Filatex's total revenues for Q1 2024?
High Street Filatex reported no revenue from operations for Q1 2024.
2. How did High Street Filatex's revenue in Q1 2024 compare to Q4 2023?
High Street Filatex's revenue in Q1 2024 was down 100% compared to Q4 2023.
3. What was the total income for High Street Filatex in Q1 2024?
High Street Filatex's total income for Q1 2024 was Rs. 0.00.
4. How much did High Street Filatex spend on expenses in Q1 2024?
High Street Filatex's total expenses in Q1 2024 were Rs. 6.83 lakhs.
5. What was High Street Filatex's net profit or loss in Q1 2024?
High Street Filatex reported a net loss of Rs. 6.83 lakhs for Q1 2024.
6. What was the earnings per share (EPS) for High Street Filatex in Q1 2024?
High Street Filatex's earnings per share (EPS) for Q1 2024 were Rs. -1.06.
7. Did High Street Filatex have any other income in Q1 2024?
No, High Street Filatex reported no other income in Q1 2024.
8. How much did High Street Filatex spend on employee benefits in Q1 2024?
High Street Filatex spent Rs. 1.90 lakhs on employee benefits in Q1 2024.
9. Did High Street Filatex incur any listing fees in Q1 2024?
Yes, High Street Filatex incurred Rs. 3.25 lakhs in listing fees in Q1 2024.
10. What was the total comprehensive income for High Street Filatex in Q1 2024?
High Street Filatex’s total comprehensive income was a loss of Rs. 6.83 lakhs in Q1 2024.