Jagjanani Textiles Q1 Results Revenue ₹0.00 Cr, Net Income ₹-0.01 Cr, Total Expenses ₹0.01 Cr

Jagjanani Textiles Q1 Results: Jagjanani Textiles' Q1 results for June 2024 show that the company faced significant financial challenges. The company's total revenue for this quarter was zero, just like the previous quarter and the same period last year. This means the company didn't generate any income from its usual business activities.

Jagjanani Textiles’ expenses related to selling, general, and administrative tasks were almost nothing, with a huge drop compared to the previous quarter and the same quarter last year. Other operating expenses, like those related to running the business, were also much lower this quarter. These expenses fell by over 80% compared to the previous quarter and by more than 90% compared to last year.

Despite these cuts in expenses, the Jagjanani Textiles still reported a loss. The operating income, which is the profit after paying all the business expenses, was a negative ₹0.01 crore, showing a small improvement from the previous quarter but still a loss. The net income before taxes, which was ₹3.92 crore last year, dropped to a negative ₹0.01 crore this quarter, indicating a severe decline in profitability.

Here's a summary of Jagjanani Textiles' Q1 results for June 2024:

Jagjanani Textiles Q1 Results

Jagjanani Textiles table shows the financial performance for the quarter ending on June 30, 2024. It compares this quarter’s results with previous periods, like the quarter ending on March 31, 2024, and June 30, 2023, as well as the year ending on March 31, 2024.

In the latest quarter, the company made very little revenue, only Rs. 0.71 lakhs, compared to Rs. 398.23 lakhs in the same quarter last year. Other income also dropped, and total income for the quarter was just Rs. 0.80 lakhs. On the expense side, the company spent less overall, but expenses related to employee benefits and other costs were still significant.

Despite lower expenses, Jagjanani Textiles reported a loss of Rs. 0.91 lakhs for the quarter before taxes, which is slightly better than the previous quarter’s loss of Rs. 8.18 lakhs. The company did not have any exceptional items or tax expenses this quarter, so the loss remained the same after these considerations. The company’s earnings per share (EPS) was negative, meaning it lost money per share during this period. The total paid-up share capital remained steady at Rs. 1,560.00 lakhs.

Here’s the statement of Unaudited Results for the Quarter Ended on June 30, 2024 (Rs. In Lakhs)

Jagjanani Textiles Financial Performance

Jagjanani Textiles is a company with a market capitalization of ₹24.0 crore, meaning the total value of all its shares is ₹24.0 crore. Its current stock price is ₹15.4, which has fluctuated between a high of ₹21.8 and a low of ₹6.68. The company has a book value per share of just ₹0.05, indicating low asset value. It doesn't pay dividends, as shown by the 0.00% dividend yield.

Here's the information presented in a table format:

Quarterly Results 

Jagjanani Textiles' financial performance for the periods ending in December 2023, March 2024, and June 2024 reveals several key points. The company consistently reported zero sales during these quarters, indicating that it did not generate any revenue from its core operations. Despite the lack of sales, the company still incurred some expenses, which slightly fluctuated across the three quarters. In December 2023, the expenses were Rs. 0.02 crores, which increased to Rs. 0.04 crores in March 2024, before decreasing to Rs. 0.01 crores in June 2024.

Here is the table for the periods of December 2023, March 2024, and June 2024, with the key particulars:

About Jagjanani Textiles 

Jagjanani Textiles was established on April 1, 1997, to meet the growing need for high-quality yarns and fabrics in both Indian and international markets. The company is dedicated to providing excellent products and services, with a team of skilled and experienced technical staff who ensure that customers receive the best quality materials on time and at competitive prices.

Jagjanani Textiles was founded by business professionals with over 30 years of experience in the textile industry, covering every aspect from cotton ginning to apparel manufacturing. This extensive experience has helped the company become well-regarded in the industry. JTL is recognized as an Export House by the Government of India, highlighting its capability to meet the quality standards required for international trade.

Jagjanani Textiles’ headquarters are located in Jaipur, strategically positioned on the Delhi-Mumbai Industrial Corridor, which facilitates easy access to major markets. JTL specializes in supplying a variety of yarns and fabrics, including both cotton and polyester-cotton blends. Their commitment to quality and customer satisfaction has helped them build a strong reputation in the textile industry.