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- Suryavanshi Spinning Mills Q1 Results Net Loss of ₹129.77 lakhs and Total Income of ₹17.48 lakhs
Suryavanshi Spinning Mills Q1 Results Net Loss of ₹129.77 lakhs and Total Income of ₹17.48 lakhs
Suryavanshi Spinning Mills Q1 Results show an 88.10% decrease in total income QoQ and a net loss increase of 6.95% YoY, while Suryavanshi Spinning Mills Q1 Results also reflect a significant rise in expenses.
by P Nandhini
Updated Aug 21, 2024
Table of Content
Suryavanshi Spinning Mills Q1 Results: Suryavanshi Spinning Mills announced their Q1 results for the fiscal year 2024-2025 on August 12, 2024, reporting drop in revenue, which fell by 26.78% compared to the same quarter last year.
Revenue from operations and other income combined totaled ₹17.48 lakhs, reflecting a slight improvement compared to the previous quarter. However, the company faced increased expenses, including higher finance costs and depreciation, which contributed to a net loss of ₹129.77 lakhs for the period.
The financial results also highlighted some challenges within the company's operations. While efforts were made to streamline processes, an inadvertent error occurred during the filing of financial results, leading to a mix-up with another group company.
Suryavanshi Spinning Mills promptly rectified the mistake by refiling the correct results. Despite these difficulties, the company remains focused on overcoming these obstacles and improving its financial performance in the coming quarters.
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Suryavanshi Spinning Mills Q1 Results 2024 - 2025
Suryavanshi Spinning Mills has released its financial results for the first quarter of the 2024-2025 fiscal year. Below is a summary of the key financial figures, reflecting the company's performance during this period.
| Particulars | Q1 2024-2025 (₹ in Lakhs) | Q4 2023-2024 (₹ in Lakhs) | Q1 2023-2024 (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Operations | 15.10 | 132.03 | 397 |
| Other Income | 2.38 | 14.01 | 11.23 |
| Total Income | 17.48 | 146.04 | 15.20 |
| Total Expenses | 135.34 | 62.45 | 95.29 |
| Profit/(Loss) Before Exceptional Items | (117.86) | 83.59 | (30.33) |
| Profit/(Loss) After Tax | (129.77) | 266.41 | (139.52) |
| Earnings Per Equity Share (Basic & Diluted) | (2.64) | 5.43 | (3.05) |
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Suryavanshi Spinning Mills Current Market Overview
Suryavanshi Spinning Mills is currently trading at ₹26.8 per share, reflecting a slight decrease of 0.59%. The company's market capitalization stands at ₹13.2 crore, and its stock has seen a 52-week high of ₹37.9 and a low of ₹19.4.
Despite a negative book value of ₹-16.8, the company has a Return on Capital Employed (ROCE) of 3.90%. However, it currently offers no dividend yield, and its Return on Equity (ROE) is not listed. The face value of the stock is ₹10.0.
| Metric | Value |
|---|---|
| Current Price | ₹26.8 |
| Market Capitalization | ₹13.2 Cr. |
| 52-Week High / Low | ₹37.9 / ₹19.4 |
| Book Value | ₹-16.8 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 3.90% |
| Face Value | ₹10.0 |
Quarterly Results
Below are the key quarterly financial results for Suryavanshi Spinning Mills for the periods ending in December 2023, March 2024, and June 2024. This summary focuses on the company's sales, expenses, operating profit, and other financial metrics for these three quarters.
| Quarter | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 0.24 | 0.14 | 0.02 |
| Expenses (₹ Cr.) | 0.28 | 0.42 | 0.79 |
| Operating Profit (₹ Cr.) | -0.04 | -0.28 | -0.77 |
| OPM % | -16.67% | -200.00% | -3,850.00% |
| Other Income (₹ Cr.) | -0.83 | 3.15 | 0.03 |
| Interest (₹ Cr.) | 0.08 | 0.04 | 0.40 |
| Depreciation (₹ Cr.) | 0.11 | 0.17 | 0.16 |
| Profit before Tax (₹ Cr.) | -1.06 | 2.66 | -1.30 |
| Net Profit (₹ Cr.) | -1.06 | 2.66 | -1.30 |
| EPS (₹) | -2.16 | 5.42 | -2.65 |
About Suryavanshi Spinning Mills
Suryavanshi Spinning Mills, incorporated in 1978, is a company that specializes in the production of polyester yarn and absorbent bleached cotton. With decades of experience in the textile industry, the company has established itself as a reliable manufacturer, supplying high-quality products to various markets.
Suryavanshi Spinning Mills is part of a group of companies that are listed on BSE Ltd, and it continues to focus on innovation and excellence in its operations.
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Suryavanshi Spinning Mills Q1 Results - FAQs
1. What is the total income for Suryavanshi Spinning Mills in Q1 2024-2025?
The total income is ₹17.48 lakhs.
2. What was the revenue from operations for Suryavanshi Spinning Mills in Q1 2024-2025?
The revenue from operations was ₹15.10 lakhs.
3. How much other income did Suryavanshi Spinning Mills report in Q1 2024-2025?
Other income was ₹2.38 lakhs.
4. What are the total expenses for Suryavanshi Spinning Mills in Q1 2024-2025?
The total expenses were ₹203.71 lakhs.
5. What was the net loss for Suryavanshi Spinning Mills in Q1 2024-2025?
The net loss was ₹129.77 lakhs.
6. How did Suryavanshi Spinning Mills' Q1 2024-2025 net loss compare to Q1 2023-2024?
The net loss decreased from ₹139.52 lakhs in Q1 2023-2024.
7. What was the earnings per equity share for Suryavanshi Spinning Mills in Q1 2024-2025?
The earnings per equity share were ₹(2.64).
8. How did Suryavanshi Spinning Mills' revenue from operations in Q1 2024-2025 compare to Q4 2023-2024?
It decreased from ₹132.03 lakhs in Q4 2023-2024.
9. What was the profit before exceptional items for Suryavanshi Spinning Mills in Q1 2024-2025?
The loss before exceptional items was ₹(117.86) lakhs.
10. How did the total income in Q1 2024-2025 compare to Q1 2023-2024 for Suryavanshi Spinning Mills?
The total income decreased from ₹15.20 lakhs in Q1 2023-2024.