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Sree Jayalakshmi Autospin Q1 Results Reports Increase in Losses with a Net Loss of ₹5.09 lakhs
Sree Jayalakshmi Autospin Q1 Results show a significant loss of ₹5.09 lakhs, up 123% QoQ, with flat revenue and increased expenses, reflecting a decline in earnings per share (EPS) to ₹-0.11, down 120% YoY.
by P Nandhini
Updated Aug 26, 2024
Table of Content
Sree Jayalakshmi Autospin Q1 Results: Sree Jayalakshmi Autospin announced its Q1 results for the quarter ending June 30, 2024. The company reported a substantial net loss of ₹5.09 lakhs, reflecting a significant increase in losses compared to the previous quarter.
Revenue from operations remained stagnant at ₹2.27 lakhs, showing no growth from the previous period. Total expenses surged to ₹5.09 lakhs, up from ₹4.55 lakhs in the last quarter, highlighting rising costs and ongoing financial challenges.
Compared to the same quarter last year, Sree Jayalakshmi Autospin's performance showed a downward trend. The earnings per share (EPS) decreased to ₹-0.11 from ₹-0.05, indicating a worsening financial position.
The increase in losses and unchanged revenue underscore the difficulties the company faces in improving its profitability and managing expenses effectively.
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Sree Jayalakshmi Autospin Q1 Results 2024 - 2025
Sree Jayalakshmi Autospin has released its Q1 results for the quarter ending June 30, 2024. The company reported a substantial increase in losses and stagnant revenue. Below is a summary of the key financial metrics for the quarter:
| Particulars | 30-06-2024 (Un-Audited) |
|---|---|
| Revenue from Operations | ₹2.27 lakhs |
| Other Income | ₹0.50 lakhs |
| Total Income | ₹2.77 lakhs |
| Cost of Materials Consumed | - |
| Purchase of Stock In Trade | - |
| Changes in Inventories | - |
| Employee Benefits Expenses | - |
| Finance Cost | ₹0.50 lakhs |
| Depreciation and Amortization | ₹1.78 lakhs |
| Other Expenditure | - |
| Total Expenses | ₹5.09 lakhs |
| Profit/(Loss) Before Tax | ₹-5.09 lakhs |
| Earnings Per Share (Basic and Diluted) | ₹-0.11 |
| Paid-Up Equity Share Capital | ₹447.82 lakhs |
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Sree Jayalakshmi Autospin Current Market Overview
Sree Jayalakshmi Autospin is currently trading at ₹20.8 per share on the Bombay Stock Exchange (BSE), with a recent increase of 1.96%. The company's market capitalization stands at ₹9.32 crore, reflecting its overall value in the stock market.
With a Price-to-Earnings (P/E) ratio of 2.93, the stock is considered inexpensive relative to its earnings. The company's stock has ranged between a high of ₹20.8 and a low of ₹3.46, indicating significant price movement.
Despite not paying dividends, Sree Jayalakshmi Autospin shows a strong Return on Capital Employed (ROCE) of 313%, showcasing its efficiency in using capital to generate profits.
| Parameter | Value |
|---|---|
| Current Price | ₹20.8 |
| Market Capitalization | ₹9.32 Crore |
| High / Low Price | ₹20.8 / ₹3.46 |
| Stock P/E Ratio | 2.93 |
| Book Value | ₹2.95 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 313% |
| Face Value | ₹10.0 |
Quarterly Results
Here’s a focused summary of the quarterly results for Sree Jayalakshmi Autospin for the periods ending December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 |
| Expenses | 0.05 | 0.06 | 0.05 |
| Operating Profit | -0.05 | -0.06 | -0.05 |
| Other Income | 3.51 | 0.02 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.00 | 0.00 |
| Profit Before Tax | 3.45 | -0.04 | -0.05 |
| Net Profit | 3.45 | -0.04 | -0.05 |
| EPS (₹) | 7.70 | -0.09 | -0.11 |
About Sree Jayalakshmi Autospin
Sree Jayalakshmi Autospin is a textile company in India that specializes in the production of cotton yarn, cotton lint, and cotton seeds. Founded in 1991, the company has been manufacturing cotton yarn since 1995.
With a spinning mill located in Chitradurga, Karnataka, a key cotton market in the region, Sree Jayalakshmi Autospin serves spinning mills across South India and supplies cotton seeds to oil units in Karnataka and other states. The company is publicly traded on the Bombay Stock Exchange (BSE) and has a long-standing presence in the Indian textile industry.
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Sree Jayalakshmi Autospin Q1 results - FAQs
1. What is the total revenue from operations for Sree Jayalakshmi Autospin in Q1 2024?
Revenue from operations for Sree Jayalakshmi Autospin in Q1 2024 is not reported.
2. What were the total expenses for Sree Jayalakshmi Autospin in Q1 2024?
Total expenses for Sree Jayalakshmi Autospin in Q1 2024 were ₹5.09 crores.
3. What is the net loss reported by Sree Jayalakshmi Autospin for Q1 2024?
The net loss for Sree Jayalakshmi Autospin in Q1 2024 is ₹5.09 crores.
4. What is the earnings per share (EPS) for Sree Jayalakshmi Autospin in Q1 2024?
The EPS for Sree Jayalakshmi Autospin in Q1 2024 is ₹-0.11.
5. How does the Q1 2024 loss of Sree Jayalakshmi Autospin compare to the previous quarter?
The Q1 2024 loss for Sree Jayalakshmi Autospin is higher compared to the previous quarter.
6. What was the EPS for Sree Jayalakshmi Autospin in the same quarter last year?
The EPS for Sree Jayalakshmi Autospin in the same quarter last year was ₹-0.05.
7. How much has promoter holding changed for Sree Jayalakshmi Autospin recently?
Promoter holding for Sree Jayalakshmi Autospin has decreased from 15.62% to 10.04%.
8. What is the paid-up equity share capital of Sree Jayalakshmi Autospin?
The paid-up equity share capital of Sree Jayalakshmi Autospin is ₹447.82 crores.
9. What is the reserve and surplus amount for Sree Jayalakshmi Autospin?
The reserves and surplus for Sree Jayalakshmi Autospin amount to ₹3.16 crores.
10. What are the financial highlights for Sree Jayalakshmi Autospin in Q1 2024?
Key financial highlights include a net loss of ₹5.09 crores and an EPS of ₹-0.11.