Niraj Ispat Industries Ltd Q1 Results Net Profit Rises to ₹27.53 Lakhs with Revenue at ₹90.42 Lakhs

Niraj Ispat Industries Q1 Results: Niraj Ispat Industries released its financial results for the first quarter of the fiscal year 2024-2025 on August 12, 2024. The company reported a revenue of ₹90.42 lakhs, showing a 32.8% increase from ₹66.76 lakhs in the previous quarter.

Compared to the same quarter last year, where the revenue was ₹88.53 lakhs, this marks a 2.1% rise year-over-year. This positive growth highlights a strong performance in their core business of manufacturing polyester buttons.

In terms of profitability, Niraj Ispat Industries saw a significant improvement with a net profit of ₹27.53 lakhs for Q1, up by 73.8% from ₹15.87 lakhs in the previous quarter. The company's total expenses increased to ₹76.60 lakhs from ₹67.26 lakhs in the last quarter, primarily due to higher costs in raw materials and other operational expenses.

Despite this rise in expenses, the substantial increase in revenue and profit reflects a solid start to the fiscal year for Niraj Ispat Industries.

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Niraj Ispat Industries Q1 Results 2024 - 2025

Niraj Ispat Industries Q1 Results: Niraj Ispat Industries announced their Q1 financial results for the fiscal year 2024-2025 on August 12, 2024. The company showed a promising performance with a notable increase in revenue and profit. Here’s a summary of their Q1 results:

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Niraj Ispat Industries Current Market Overview

Niraj Ispat Industries is currently trading at ₹191 per share, showing a 4.99% increase recently. The company’s market capitalization stands at ₹11.5 crore. The stock has fluctuated between a high of ₹191 and a low of ₹182. It has a price-to-earnings ratio of 12.9 and a book value of ₹216.

The company does not offer any dividend yield at the moment. With a return on capital employed (ROCE) of 7.94% and a return on equity (ROE) of 6.45%, Niraj Ispat Industries is performing steadily in the market.

Quarterly Results

Here is the quarterly financial performance for Niraj Ispat Industries for the periods ending December 2023, March 2024, and June 2024:

The table below presents the key financial metrics for Niraj Ispat Industries for the last three quarters. It includes details on sales, expenses, operating profit, and net profit among other figures.

About Niraj Ispat Industries 

Niraj Ispat Industries is a company based in Delhi, India, specializing in the manufacture of polyester buttons. Established on August 19, 1985, the company produces buttons with two or four holes used in a variety of clothing items, including dresses, sweaters, and shirts.

They offer these buttons in various colors, sizes, and designs to meet the needs of their clients. Currently, Niraj Ispat Industries is listed on the National Stock Exchange of India and continues to focus on providing cost-effective products to the apparel industry.

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