Restile Ceramics Q1 Results Reports a Loss of ₹23.65 Lakhs with Total Income of ₹50.53 Lakhs

Restile Ceramics, a leading manufacturer in the vitrified tiles industry, has announced its unaudited financial results for the first quarter of the 2024-2025 financial year, ending on June 30, 2024. The company reported a total income of ₹50.53 lakhs, with revenue generated solely from operations.

Despite this, Restile Ceramics faced challenges during the quarter, with total expenses amounting to ₹74.18 lakhs, leading to a loss of ₹23.65 lakhs before taxes. The company continues to focus on its expansion and operational efficiency to improve its financial performance in the upcoming quarters.

The board of directors of Restile Ceramics reviewed and approved the financial results during their meeting on August 7, 2024. Although the company posted a loss for the quarter, it remains committed to maintaining its position in the market by leveraging its strengths in manufacturing high-quality, full-body vitrified tiles.

Restile Ceramics is optimistic about overcoming current financial challenges and is looking forward to better performance as it executes its strategic plans in the coming months.

Restile Ceramics Q1 Results 2024-2025

Restile Ceramics has released its financial results for the first quarter of the 2024-2025 fiscal year, ending on June 30, 2024. The company has detailed its revenue, expenses, and profit/loss for the period. Below is a table summarizing the key financial figures from the Q1 results.

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Restile Ceramics Current Market Overview

As of now, Restile Ceramics is trading at ₹5.17 per share, reflecting a recent decrease of 2.08%. The company has a market capitalization of ₹50.8 crore. Over the past year, the stock has fluctuated between a high of ₹6.24 and a low of ₹2.79.

Currently, the company is facing challenges, as indicated by a negative return on capital employed (ROCE) of -10.2% and a negative book value of ₹-3.12, which suggests that the company is not generating positive returns for its investors.

Additionally, Restile Ceramics has a face value of ₹10 per share and does not currently offer a dividend yield.

Quarterly Results

Here is a summary of Restile Ceramics' quarterly financial performance for the last three quarters:

About Restile Ceramics

Restile Ceramics, established in 1986, is a leading Indian company known for pioneering vitrified tile manufacturing in the country. They were the first in India to produce Full Body Homogeneous Vitrified Tiles, a type of tile known for its durability and consistency in design from top to bottom.

Over the years, Restile has built a reputation for producing high-quality, unpolished smooth tiles and industrial vitrified tiles, making it a preferred choice for both high-traffic commercial areas and residential projects.

The company remains committed to innovation and quality, offering a wide range of products to cater to architects, dealers, and homeowners alike.