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- Pasari Spinning Mills Q2 Result Reported Net Profit of ₹11.19 Lakhs and Total Expenses Rise to ₹5.89 Lakhs
Pasari Spinning Mills Q2 Result Reported Net Profit of ₹11.19 Lakhs and Total Expenses Rise to ₹5.89 Lakhs
Pasari Spinning Mills Q2 Result shows a net profit of ₹11.19 lakhs, a QoQ decrease of 2.35% compared to ₹11.46 lakhs in Q1, while Pasari Spinning Mills Q2 Result indicates no change in other operating income at ₹17.08 lakhs.
by P Nandhini
Updated Oct 17, 2024
Table of Content
Pasari Spinning Mills Q2 Results: Pasari Spinning Mills declared their Q2 results on October 16, 2024, showing a steady performance with net profits of ₹11.19 lakhs, slightly lower than the ₹11.46 lakhs reported in Q1.
The company reported no net sales, but its other operating income stood at ₹17.08 lakhs, the same as in Q1 FY 2024-25. Quarter-on-quarter (QoQ), total expenses increased slightly from ₹5.61 lakhs in Q1 to ₹5.89 lakhs in Q2, marking a 4.99% rise.
Compared to the previous quarter, Pasari Spinning Mills maintained a similar profit margin, with a minimal decrease in QoQ profit of 2.35%. The company’s ability to keep expenses under control, despite challenging market conditions, helped limit the drop.
Year-over-year (YoY) performance hasn't been highlighted, but with plans to expand into retail and improve operations, Pasari Spinning Mills aims for stronger financial recovery in the upcoming quarters.
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Pasari Spinning Mills Q2 Result 2024 - 2025
Here is a summary of Pasari Spinning Mills Q2 results for FY 2024-25, compared with the previous quarter's figures.
| Particulars | Q2 FY 2024-25 | Q1 FY 2024-25 | QoQ Change (%) |
|---|---|---|---|
| Other Operating Income | ₹17.08 lakhs | ₹17.08 lakhs | 0% |
| Total Expenses | ₹5.89 lakhs | ₹5.61 lakhs | +4.99% |
| Employee Benefit Expenses | ₹0.21 lakhs | ₹0.23 lakhs | -8.70% |
| Depreciation and Amortization | ₹1.93 lakhs | ₹1.93 lakhs | 0% |
| Finance Costs | ₹0.21 lakhs | ₹0.23 lakhs | -8.70% |
| Other Expenses | ₹3.75 lakhs | ₹3.45 lakhs | +8.70% |
| Profit Before Tax | ₹11.19 lakhs | ₹11.46 lakhs | -2.35% |
| Tax Expenses | Nil | Nil | 0% |
| Net Profit After Tax | ₹11.19 lakhs | ₹11.46 lakhs | -2.35% |
| Earnings Per Share (Basic/Diluted) | ₹0.08 | ₹0.08 | 0% |
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Pasari Spinning Mills Current Market Overview
Pasari Spinning Mills is currently trading at ₹9.96 per share, showing a 4.60% drop. The company has a market value of ₹13.8 crore, with its stock price fluctuating between ₹14.8 (high) and ₹6.01 (low) over the past year.
The stock has a P/E ratio of 32.7, but its book value is negative at ₹-0.06, indicating financial challenges. Despite no dividend payments, the company has a strong Return on Capital Employed (ROCE) of 24.3%, showing good efficiency in using its capital. The face value of each share is ₹10.
| Particulars | Details |
|---|---|
| Current Share Price | ₹9.96 |
| Market Cap | ₹13.8 crore |
| 52-Week High / Low | ₹14.8 / ₹6.01 |
| Stock P/E | 32.7 |
| Book Value | ₹-0.06 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 24.3% |
| Return on Equity (ROE) | N/A |
| Face Value | ₹10.0 |
Quarterly Results
Here are the quarterly results for Pasari Spinning Mills for March 2024, June 2024, and September 2024.
| Particulars | Mar 2024 | Jun 2024 | Sep 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 0.17 | 0.17 | 0.17 |
| Expenses (₹ Cr.) | 0.07 | 0.04 | 0.04 |
| Operating Profit (₹ Cr.) | 0.10 | 0.13 | 0.13 |
| Operating Profit Margin (OPM %) | 58.82% | 76.47% | 76.47% |
| Other Income (₹ Cr.) | 0.00 | 0.00 | 0.00 |
| Interest (₹ Cr.) | 0.00 | 0.00 | 0.00 |
| Depreciation (₹ Cr.) | 0.02 | 0.02 | 0.02 |
| Profit Before Tax (₹ Cr.) | 0.08 | 0.11 | 0.11 |
| Net Profit (₹ Cr.) | 0.09 | 0.11 | 0.11 |
| Earnings Per Share (₹) | 0.07 | 0.08 | 0.08 |
About Pasari Spinning Mills
Pasari Spinning Mills is a well-established textile company founded by Mr. Gauri Shankar Gupta. It specializes in producing high-quality yarns and innovative textiles for home fabrics and green fiber products.
While production was paused in 2011, the company has since focused on trading various commodities and is now planning to expand into the retail sector, offering a full range of textile and apparel products, from fiber to fashion.
Listed on the Bombay Stock Exchange, Pasari Spinning Mills is committed to innovation and delivering superior products to both Indian and international markets.
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1. When did Pasari Spinning Mills declare their Q2 results for FY 2024-25?
Pasari Spinning Mills declared their Q2 results on October 16, 2024.
2. What was the net profit of Pasari Spinning Mills in Q2 FY 2024-25?
The net profit of Pasari Spinning Mills in Q2 FY 2024-25 was ₹11.19 lakhs.
3. How does Pasari Spinning Mills’ Q2 profit compare to Q1?
Pasari Spinning Mills’ Q2 profit decreased by 2.35% compared to the ₹11.46 lakhs reported in Q1.
4. Did Pasari Spinning Mills report any net sales in Q2?
No, Pasari Spinning Mills reported no net sales in Q2.
5. What was the other operating income for Pasari Spinning Mills in Q2?
The other operating income for Pasari Spinning Mills in Q2 was ₹17.08 lakhs.
6. How did Pasari Spinning Mills’ total expenses change from Q1 to Q2?
Pasari Spinning Mills’ total expenses increased from ₹5.61 lakhs in Q1 to ₹5.89 lakhs in Q2, marking a rise of 4.99%.
7. What is the percentage change in employee benefit expenses for Pasari Spinning Mills from Q1 to Q2?
Employee benefit expenses for Pasari Spinning Mills decreased by 8.70% from Q1 to Q2.
8. What is the depreciation and amortization cost for Pasari Spinning Mills in Q2?
The depreciation and amortization cost for Pasari Spinning Mills in Q2 was ₹1.93 lakhs.
9. What is the profit before tax for Pasari Spinning Mills in Q2 FY 2024-25?
The profit before tax for Pasari Spinning Mills in Q2 FY 2024-25 was ₹11.19 lakhs.
10. What is the earnings per share (EPS) for Pasari Spinning Mills in Q2?
The earnings per share (EPS) for Pasari Spinning Mills in Q2 was ₹0.08.