Sheshadri Industries Q1 Results with Loss of ₹58.93 Lakhs with Revenue of ₹641.81 Lakhs

Sheshadri Industries Q1 Results

Sheshadri Industries Q1 Results: Sheshadri Industries reported its financial results for the first quarter ended June 30, 2024. The company earned ₹641.81 lakhs from operations, which is an increase from ₹605.84 lakhs in the previous quarter but lower than ₹709.40 lakhs in the same quarter last year. The total income for the quarter was ₹681.97 lakhs, which includes ₹40.16 lakhs from other income sources. This is lower compared to ₹840.01 lakhs in the previous quarter and ₹730.38 lakhs last year. 

Sheshadri Industries expenses for the quarter were ₹740.90 lakhs, up from ₹820.08 lakhs in the previous quarter and ₹840.19 lakhs last year. This resulted in a loss before exceptional items of ₹58.93 lakhs. After accounting for exceptional items and tax expenses, the loss for the period was ₹58.93 lakhs. 

Sheshadri Industries’ total comprehensive income, which includes all gains and losses, also reported a loss of ₹58.93 lakhs. Earnings per share for the quarter were negative ₹1.19. The company continues to face financial challenges, as seen in its lower income and ongoing losses.

Here's a simplified summary of the un-audited financial results for Sheshadri Industries Limited for the quarter ended June 30, 2024:

Source: Here 

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Sheshadri Industries Financial Overview

Sheshadri Industries’ financial table shows key details about the company's stock. The market cap is ₹7.05 crore, meaning this is the total value of all its shares. The current stock price is ₹14.2, with a high of ₹18.8 and a low of ₹11.7 in recent times. 

Here is the information in a table format:

Quarterly Results 

The Sheshadri Industries table shows financial results for the last three quarters of 2023 and the first quarter of 2024. In December 2023, the company had sales of ₹3.88 crores but faced higher expenses of ₹5.12 crores, leading to a loss in operating profit. The situation worsened in March 2024, with operating losses and high expenses continuing. 

Here's the data for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)

About Sheshadri Industries 

Sheshadri Industries is an Indian company that makes yarn, fabric, and garments. It was started in 2009 by Mr. B.N. Agarwal. The company has manufacturing units in Rajna, Madhya Pradesh, and Aliabad, Telangana. They produce various types of yarn, including cotton, polyester, polyester-viscose, and blended yarns. Sheshadri Industries can manufacture over 4 million garments annually and exports to more than 25 countries. They are known for their quality yarn and timely delivery.

Sheshadri Industries’ goal is to become a leading and responsible organization by creating world-class products while addressing social, economic, and environmental issues.