Sri Nachammai Cotton Mills Ltd Q1FY24 loss at Rs. 1.83 crore

SRI NACHAMMAI COTTON MILLS LTD. has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 23.2031 crores during the period ended June 30, 2023 as compared to Rs. 20.1609 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -1.8334 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -1.7636 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -4.28 for the period ended June 30, 2023 as compared to Rs. -4.11 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 23.2031 crs	₹20.1609 crs	15.09%
Net Profit	₹-1.8334 crs	₹-1.7636 crs	3.96%
EPS	₹-4.28	₹-4.11	4.14%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 23.2031 crores during the period ended June 30, 2023 as compared to Rs.39.9886 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-1.8334 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.4835 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-4.28 for the period ended June 30, 2023 as compared to Rs.3.46 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 23.2031 crs	₹39.9886 crs	-41.98%
Net Profit	₹-1.8334 crs	₹1.4835 crs	-223.59%
EPS	₹-4.28	₹3.46	-223.70%

Shares of SRI NACHAMMAI COTTON MILLS LTD. was last trading in BSE at Rs. 35.80 as compared to the previous close of Rs. 36.50. The total number of shares traded during the day was 3214 in over 29 trades.

The stock hit an intraday high of Rs. 37.69 and intraday low of 34.00. The net turnover during the day was Rs. 112856.00.

Source : Equity Bulls

Keywords

SriNachammaiCottonMills Q1FY24 ResultUpdate