Sai Silks (Kalamandir) Q1 Results Revenue Declines with Total Income at ₹274.03 Crores

Sai Silks (Kalamandir) Q1 Results: Sai Silks (Kalamandir) announced their Q1 results for the financial year 2024-2025 on June 30, 2024. The company reported a revenue of ₹267.29 crores, which shows a significant decline of 25.65% year-over-year (YoY) compared to ₹359.64 crores in Q1 of the previous year.

Additionally, when compared to the previous quarter (QoQ), revenue decreased by 25.67%, indicating a challenging market environment. Despite this drop, the company's total income for the quarter was ₹274.03 crores, which includes other income of ₹6.74 crores.

In terms of expenses, Sai Silks faced an increase in purchases of stock-in-trade, totaling ₹186.87 crores. This led to total expenses of ₹271.23 crores, a decrease of 17.62% YoY from ₹329.26 crores in the previous year.

As a result, the company reported a profit before tax of ₹2.81 crores, down from ₹38.61 crores in Q1 of last year. This reflects a sharp decline of 92.74% YoY. On a QoQ basis, the profit before tax also faced a significant reduction, highlighting ongoing challenges in managing costs and generating sales.

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Sai Silks (Kalamandir) Q1 Results 2024 - 2025

Here are the Q1 results for Sai Silks (Kalamandir) for the financial year 2024-2025. The company experienced notable changes in revenue and profit compared to the previous year.

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Sai Silks (Kalamandir) Current Market Overview

Sai Silks (Kalamandir) is currently trading at ₹182, with a market capitalization of ₹2,784 crores. The stock has seen a high of ₹312 and a low of ₹144 over its range. With a price-to-earnings ratio of 32.3, it indicates a moderate valuation compared to its earnings.

The company has a book value of ₹69.3 and offers a dividend yield of 0.55%. Its return on capital employed (ROCE) is 15.9%, and the return on equity (ROE) stands at 13.8%, showing that it effectively uses its investments to generate profit.

Overall, the stock reflects a stable position in the market as it continues to engage with customers in the ethnic apparel sector.

Quarterly Results

Here are the quarterly results for Sai Silks (Kalamandir) for the periods ending December 2023, March 2024, and June 2024.

About Sai Silks (Kalamandir)

Sai Silks (Kalamandir) is a well-known retail textile company in India, founded in 2005 by Chalavadi Naga Kanaka Durga Prasad and Chalavadi Jhansi Rani. The company specializes in ethnic clothing, offering a wide range of products including sarees, party wear, and traditional outfits for men and children.

With 54 retail outlets located across states like Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, Sai Silks aims to cater to diverse customers by providing quality ethnic apparel.

The company also focuses on corporate social responsibility, organizing awareness programs on important issues such as health and child labor, reflecting its commitment to the community.

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