- Home »
- Quarterly Results »
- Laxmi Cotspin Q1 Results Net Loss of ₹348.70 Lakhs Despite Revenue Drop to ₹3,040.53 Lakhs
Laxmi Cotspin Q1 Results Net Loss of ₹348.70 Lakhs Despite Revenue Drop to ₹3,040.53 Lakhs
Laxmi Cotspin Q1 Results show a 31.91% YoY decrease in total income to ₹30.41 Cr., with an operating profit of ₹-2.69 Cr. reflecting a 40.98% QoQ decline, and a profit after tax of ₹-3.49 Cr., down 28.71% YoY, alongside an operating margin improvement of 107.06% QoQ. Laxmi Cotspin Q1 Results highlight significant financial challenges and a need for strategic improvement.
by Madhumitha
Updated Sep 11, 2024
Table of Content
Laxmi Cotspin Q1 Results 2024-2025: Laxmi Cotspin released their Q1 results on August 13, 2024, showing a challenging start to the financial year. Compared to the same quarter last year, the company experienced a significant decrease in revenue, with income from operations dropping by 17.3% year-over-year (YoY). This decline was accompanied by a 20.5% YoY increase in total expenses, which impacted the company's profitability.
The financial results also reveal a stark contrast compared to the previous quarter. The net profit for Q1 2024-2025 fell to a loss of ₹348.70 lakhs, compared to a profit of ₹718.64 lakhs in the preceding quarter, marking a 148.6% quarter-over-quarter (QoQ) decline.
Additionally, the company's finance costs rose by 24.9% QoQ, further straining financial performance. Overall, the YoY and QoQ comparisons highlight a difficult period for Laxmi Cotspin, underscoring the need for strategic adjustments to improve future results.
For More Q1 results check our Twitter Page.
Laxmi Cotspin Q1 Results 2024-2025
Laxmi Cotspin's financial performance for Q1 2024-2025 has shown impressive results.
| Metric | Q1 2024-2025 | Q4 2023-2024 |
|---|---|---|
| Income from Operations (Net) | ₹3,040.53 lakhs | ₹3,679.44 lakhs |
| Total Expenses | ₹3,309.77 lakhs | ₹3,384.99 lakhs |
| Profit/(Loss) before Tax | ₹(353.59) lakhs | ₹712.68 lakhs |
| Net Profit/(Loss) for the Period | ₹(348.70) lakhs | ₹718.64 lakhs |
| Finance Costs | ₹104.40 lakhs | ₹83.48 lakhs |
Source: Click Here
Laxmi Cotspin Current Market Overview
Laxmi Cotspin is currently trading at ₹38.3 per share on the NSE. The company's market cap is ₹65.7 crore, and its stock has ranged between ₹42.4 and ₹20.0 in recent months. With a book value of ₹36.7 per share, Laxmi Cotspin does not offer any dividend yield at the moment.
The company's financial performance shows a return on capital employed (ROCE) of 3.66% and a return on equity (ROE) of 1.05%. This overview reflects the company's current standing in the market and its financial metrics.
| Aspect | Details |
|---|---|
| Current Price | ₹38.3 |
| Market Capitalization | ₹65.7 Crore |
| 52-Week High/Low | ₹42.4 / ₹20.0 |
| Book Value per Share | ₹36.7 |
| Dividend Yield | 0.00% |
| ROCE | 3.66% |
| ROE | 1.05% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a table summarizing Laxmi Cotspin's quarterly financial results from June 2021 to June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Crores) | 31.08 | 36.79 | 30.41 |
| Expenses (₹ Crores) | 32.15 | 33.21 | 32.32 |
| Operating Profit (₹ Crores) | -1.07 | 3.58 | -1.91 |
| OPM (%) | -3.44% | 9.73% | -6.28% |
| Other Income (₹ Crores) | 0.32 | 5.05 | 0.20 |
| Interest (₹ Crores) | 0.61 | 0.83 | 1.04 |
| Depreciation (₹ Crores) | 0.79 | 0.64 | 0.79 |
| Profit Before Tax (₹ Crores) | -2.15 | 7.16 | -3.54 |
| Tax % | 0.00% | -0.84% | -1.41% |
| Net Profit (₹ Crores) | -2.15 | 7.23 | -3.49 |
| EPS (₹) | -1.25 | 4.22 | -2.04 |
About Laxmi Cotspin
Laxmi Cotspin is a prominent player in the textile manufacturing industry, dedicated to producing high-quality cotton yarn and fabrics. Established with a vision to be a key global partner in textiles, the company focuses on maintaining exceptional quality and sustainability in its operations.
Laxmi Cotspin is known for its commitment to excellence, continuously working to innovate and improve its products to meet the needs of its stakeholders. With a strong emphasis on quality and environmental responsibility, the company strives to make a significant impact in the global textile market.
Visit our website for more Q1 results.
Laxmi Cotspin Q1 Results- FAQs
1. What is Laxmi Cotspin's income from operations for Q1 2024-2025?
Laxmi Cotspin's income from operations for Q1 2024-2025 is ₹3,040.53 lakhs.
2. How did Laxmi Cotspin's income from operations in Q1 2024-2025 compare to the previous quarter?
In Q1 2024-2025, Laxmi Cotspin's income from operations decreased compared to ₹3,679.44 lakhs in Q4 2023-2024.
3. What were Laxmi Cotspin's total expenses for Q1 2024-2025?
Laxmi Cotspin's total expenses for Q1 2024-2025 were ₹3,309.77 lakhs.
4. How did total expenses for Laxmi Cotspin in Q1 2024-2025 compare to the previous quarter?
Total expenses in Q1 2024-2025 for Laxmi Cotspin were slightly lower than ₹3,384.99 lakhs in Q4 2023-2024.
5. What was Laxmi Cotspin's profit before tax in Q1 2024-2025?
Laxmi Cotspin reported a profit before tax of ₹(353.59) lakhs in Q1 2024-2025.
6. How did Laxmi Cotspin's profit before tax in Q1 2024-2025 compare to the previous quarter?
The profit before tax in Q1 2024-2025 for Laxmi Cotspin was a loss, compared to a profit of ₹712.68 lakhs in Q4 2023-2024.
7. What was Laxmi Cotspin's net profit for Q1 2024-2025?
Laxmi Cotspin's net profit for Q1 2024-2025 was ₹(348.70) lakhs.
8. How did Laxmi Cotspin's net profit in Q1 2024-2025 compare to Q4 2023-2024?
In Q1 2024-2025, Laxmi Cotspin's net profit was a loss, compared to a profit of ₹718.64 lakhs in Q4 2023-2024.
9. What were Laxmi Cotspin's finance costs in Q1 2024-2025?
Laxmi Cotspin's finance costs for Q1 2024-2025 were ₹104.40 lakhs.
10. How did Laxmi Cotspin's finance costs in Q1 2024-2025 compare to the previous quarter?
Finance costs for Laxmi Cotspin increased from ₹83.48 lakhs in Q4 2023-2024 to ₹104.40 lakhs in Q1 2024-2025.