Bannari Amman Spinning Mills Ltd Q2 FY2024 consolidated loss at Rs. 2.35 crore

Bannari Amman Spinning Mills Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 383.4354 crores during the period ended September 30, 2023 as compared to Rs. 270.0910 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -2.3536 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -4.7868 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -0.36 for the period ended September 30, 2023 as compared to Rs. -0.74 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 383.4354 crs	₹270.0910 crs	41.97%
Net Profit	₹-2.3536 crs	₹-4.7868 crs	50.83%
EPS	₹-0.36	₹-0.74	51.35%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 383.4354 crores during the period ended September 30, 2023 as compared to Rs.346.4135 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-2.3536 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-11.7937 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-0.36 for the period ended September 30, 2023 as compared to Rs.-1.82 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 383.4354 crs	₹346.4135 crs	10.69%
Net Profit	₹-2.3536 crs	₹-11.7937 crs	80.04%
EPS	₹-0.36	₹-1.82	80.22%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.653.5264 crores during the 6 Months period ended September 30, 2023 as compared to Rs.729.9147 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-7.1404 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-5.9139 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-1.10 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.91 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹653.5264 crs	₹729.9147 crs	-10.47%
Net Profit	₹-7.1404 crs	₹-5.9139 crs	20.74%
EPS	₹-1.10	₹-0.91	20.88%

Shares of Bannari Amman Spinning Mills Limited was last trading in BSE at Rs. 45.19 as compared to the previous close of Rs. 45.05. The total number of shares traded during the day was 4490 in over 120 trades.

The stock hit an intraday high of Rs. 46.00 and intraday low of 44.60. The net turnover during the day was Rs. 202809.00.

Source : Equity Bulls

Keywords

BannariAmmanSpinningMills Q2FY24 H1FY24 ResultUpdate