Swadeshi Polytex Q1 Results Revenue ₹0.00 Crores & Operating Income -₹0.67 Crores

Swadeshi Polytex Q1 Results: In Swadeshi Polytex's Q1 results for June 2024, the company's financial performance shows major changes. Total revenue dropped to zero, down from ₹16.21 crores in the previous quarter and ₹4.54 crores a year ago, indicating that the company did not make any sales in this quarter. Selling, general, and administrative expenses increased slightly by 22.16% compared to the previous quarter but decreased by 4.15% from last year. 

Swadeshi Polytex’s depreciation and amortization expenses rose sharply, showing a 100% increase from the previous quarter and a huge rise of 720.41% from the same quarter last year. Other operating expenses decreased by 65.53% compared to the last quarter but went up by 54.04% from a year ago. The total operating expenses decreased by 61.41% from the previous quarter and increased slightly by 2.29% from the same quarter last year. 

Swadeshi Polytex’s operating income fell from a profit of ₹14.85 crores to a loss of ₹0.67 crores. Net income before taxes saw a massive increase of 1939.32% from the previous quarter but fell by 76.40% compared to last year. Net income improved by 447.24% from the previous quarter but decreased by 79.25% year-over-year. Diluted normalized EPS dropped by 90.23% from the last quarter and 79.00% from the previous year, reflecting a sharp decline in earnings per share.

Here's a summary of Swadeshi Polytex's Q1 financial results:

Source: Here 

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Swadeshi Polytex Q1 Results

Swadeshi Polytex has released its financial results for the quarter that ended on June 30, 2024. The company's revenue from operations for this period is INR 5.4 crores, which is a decrease compared to the previous quarter’s revenue of INR 6.8 crores. This drop might be due to lower sales or other business challenges. The company also earned other income totaling INR 0.3 crores, slightly lower than the previous quarter’s INR 0.5 crores. Combining both, the total revenue for the quarter is INR 5.7 crores.

On the expense side, Swadeshi Polytex spent INR 3.0 crores on the cost of materials consumed and INR 0.5 crores on employee benefits, among other costs. Total expenses for the quarter amounted to INR 4.1 crores. After deducting these expenses from the total revenue, the company reported a profit before tax of INR 1.6 crores, which is a decrease from the previous quarter. The company’s profit after tax stands at INR 1.2 crores. The basic earnings per share (EPS) for this quarter is INR 2.0, down from INR 2.5 in the previous quarter.

Swadeshi Polytex's financial performance shows a slight decline compared to the previous quarter, reflecting challenges in maintaining revenue and managing costs.

Here’s a simplified summary of Vintron Informatics' financial results for the quarter ended June 30, 2024:

(All amounts are in INR Lakhs, unless otherwise stated)

Swadeshi Polytex Stock Performance

The table shows financial information about Swadeshi Polytex. The company's market value is ₹316 crores, meaning this is how much the total stock of the company is worth. The current stock price is ₹40.4. Over time, the highest price the stock has reached is ₹54.0, while the lowest was ₹3.81. The price-to-earnings ratio (P/E) is 19.0, which compares the stock price to the company's earnings. 

Here’s the financial data in table format:

Quarterly Results 

For Swadeshi Polytex, the financial results for December 2023, March 2024, and June 2024 show significant changes. In December 2023, the company had sales of Rs. 5.57 crores, expenses of Rs. 5.20 crores, and an operating profit of Rs. 0.37 crores, with a profit margin of 6.64%. By March 2024, sales soared to Rs. 167.55 crores, and the operating profit rose to Rs. 16.51 crores, with a profit margin of 9.85%. 

Here's a table with the details for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)

About Swadeshi Polytex 

Swadeshi Polytex is a company listed on the stock exchange that deals with all aspects of real estate. This includes buying, selling, leasing, and developing various types of properties such as land, buildings, factories, and warehouses. They handle real estate for different purposes, whether it’s residential, commercial, industrial, or agricultural. 

Swadeshi Polytex is involved in every part of real estate transactions, from owning and managing properties to advising, brokering, and developing them. They work on projects that belong to the company or other individuals and offer their services as owners, developers, advisors, brokers, and in other roles. 

Swadeshi Polytex aims to be a leading player in the real estate market, helping clients with their property needs and ensuring that all transactions are handled efficiently and professionally. Their broad involvement in the real estate sector means they manage various types of properties and services, making them a versatile and experienced firm in the industry.