Uniroyal Industries Q1 Results Revenue of ₹3,076.08 Crore & Net Income of ₹14.07 Crore

Uniroyal Industries Ltd Q1 Results: Uniroyal Industries' financial results for the first quarter of June 2024 show some significant changes. The company's total revenue for this quarter was 30.73 crores, which is up 26.55% from the previous quarter and up 13.83% from the same quarter last year. This means the company made more money from sales compared to before.

Uniroyal Industries’ expenses also increased. Selling, general, and administrative expenses were 1.50 crores, a slight decrease from the previous quarter but an increase compared to the same time last year. Depreciation and amortization costs were 0.48 crores, which is less than the previous quarter and last year. On the other hand, other operating expenses went up by 41.97% from the previous quarter and 27.08% from the same time last year. Overall, total operating expenses increased by 26.60% from the previous quarter and 11.20% from last year.

Despite the increase in revenue, Uniroyal Industries’ operating income was 0.67 crores, an improvement from the previous quarter but still low compared to last year. The net income, or the profit after taxes, was 0.14 crores, which is lower than the previous quarter and the same quarter last year. The diluted EPS (earnings per share) also dropped significantly compared to last year, showing reduced profitability.

Here's a simplified summary of Uniroyal Industries' Q1 results for June 2024:

All figures in crores except per share values

Uniroyal Industries Q1 Results

Uniroyal Industries' Q1 results for the quarter ending June 30, 2024, show both revenue and financial performance. The company earned ₹3,072.64 crore from operations, up from ₹2,427.98 crore in the previous quarter. This increase indicates strong revenue growth. The total revenue, including other income, reached ₹3,076.08 crore, reflecting a solid performance.

Uniroyal Industries' Expenses were significant, totaling ₹3,062.01 crore. The primary costs were for materials, stock purchases, and employee benefits. These expenses slightly increased compared to the previous quarter, impacting the company's profit margins. The cost of materials and stock-in-trade were major contributors to these expenses.

Despite these high costs, Uniroyal reported a profit before exceptional items and tax of ₹14.07 crore for the quarter. However, this is a decrease from the previous quarter's profit of ₹32.77 crore. The profit from continuing operations was ₹14.41 crore, compared to ₹56.32 crore in the last quarter, showing a decline.

Uniroyal Industries' faced a loss in comprehensive income, which was ₹22.37 crore, down from ₹52.26 crore previously. Earnings per share were ₹0.27, a drop from ₹0.63. Overall, while the revenue growth is positive, the higher expenses and reduced profit margins indicate challenges that Uniroyal Industries is currently facing.

Here's the financial summary presented in a simplified table format:

(Rupees in Lakhs)

Uniroyal Industries Financial Performance

The Uniroyal Industries table provides key financial details about the company. The market cap of ₹ 23.3 crore shows the total value of all its shares. The current stock price is ₹ 28.2, while it has reached a high of ₹ 36.8 and a low of ₹ 14.8 in the past. The Stock Price to Earnings (P/E) ratio is 15.4, indicating how much investors are willing to pay for each rupee of earnings. The book value of ₹ 23.4 represents the company’s net asset value per share. It does not offer dividends, as the yield is 0.00%.

Here’s a simplified summary of the stock information:

Quarterly Results 

For Uniroyal Industries, the financial data for Dec 2023, Mar 2024, and Jun 2024 shows several key points. In Dec 2023, the company had sales of Rs. 23.92 crores and operating profit of Rs. 1.07 crores, with a profit margin of 4.47%. By Mar 2024, sales slightly increased to Rs. 24.28 crores, and the operating profit was Rs. 1.03 crores, with a slightly lower profit margin of 4.24%. In Jun 2024, sales rose significantly to Rs. 30.73 crores, but the operating profit decreased to Rs. 1.16 crores, with a reduced profit margin of 3.77%. 

Here's the data for Dec 2023, Mar 2024, and Jun 2024:

About Uniroyal Industries

Uniroyal Industries was originally set up on December 30, 1993, under the name Uniroyal Textile Industries. It is based in New Delhi, India, with its registered office located at 78-A, Ekaas Sadan, Zamrudpur, Greater Kailash - I. The company officially started its business operations on January 18, 1994, after receiving the necessary certificate. From the beginning, Uniroyal focused on setting up its factory by acquiring the plot and ordering essential plant and machinery. It also got approval from the State Pollution Control Board to ensure environmental compliance.

Uniroyal Industries specializes in producing fabric woven labels, with an impressive capacity of 115,425 square meters annually for Tafeta labels and 38,475 square meters for Satin labels. These products are made using fully automated and computerized machinery, ensuring high efficiency and quality. In 1996, Uniroyal expanded its business by starting to trade yarn from Reliance Industries in the Ludhiana region. In 2007, the company rebranded, changing its name to Uniroyal Industries. This name change marked a new phase in its growth and operations.