Polyspin Exports Q1 Results Net Profit of ₹223.23 Lakhs and Total Comprehensive Income of ₹215.09 Lakhs

Polyspin Exports has reported its financial results for the first quarter of 2024-2025, showing a mixed performance. The company's revenue from operations reached ₹4,866.77 lakhs, which is slightly lower than the previous quarter's ₹4,887.87 lakhs but close to last year's ₹4,918.30 lakhs.

This slight dip in revenue is paired with a notable improvement in overall profitability, as the company recorded a net profit of ₹223.23 lakhs from continuing operations, a significant turnaround from the loss of ₹85.93 lakhs in the previous quarter.

On the expense front, Polyspin saw a reduction in costs, particularly in materials and power, contributing to better financial health. The company managed to control its spending effectively, resulting in lower total expenses of ₹4,792.07 lakhs compared to ₹5,228.93 lakhs in the previous quarter.

This efficient cost management, along with increased income from operations, has allowed Polyspin to end the quarter with a total comprehensive income of ₹215.09 lakhs, showing positive growth and reflecting the company's ongoing commitment to improving its financial performance and operational efficiency.

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Polyspin Exports Q1 Results 2024 - 2025

Here is a summary of Polyspin Exports' financial performance for the first quarter of 2024-2025:

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Polyspin Exports Current Market Overview

Polyspin Exports is currently valued at ₹48.0 per share, marking an 8.79% increase. The company’s stock is listed on the Bombay Stock Exchange under the code 539354 and has a market cap of ₹48.0 crore.

Recently, the stock has fluctuated between ₹42.2 and ₹70.6. With a price-to-earnings ratio of 27.0 and a book value of ₹58.5 per share, the company does not offer a dividend. It has a return on capital employed (ROCE) of 0.05% and a negative return on equity (ROE) of -4.70%. The face value of the shares is ₹5.00.

Quarterly Results

Here's a summary of Polyspin Exports's quarterly results for the periods ending in December 2023, March 2024, and June 2024:

About Polyspin Exports

Polyspin Exports is a leading manufacturer of flexible industrial bulk containers, also known as FIBC bags, and has had a strong presence in the market since 1972. The company, based near Tuticorin Sea Port, started by making HDPE/PP bags and expanded into FIBC production in 1996.

It has developed an integrated facility for producing these bags, continuously updating and improving its technology. Polyspin is known for its commitment to quality and customer satisfaction, which is supported by a dedicated workforce and a focus on innovative practices.

The company also manufactures cotton yarn and multi-wall paper sacks, aiming to deliver high-quality products and services while maintaining efficient operations.