Bannari Amman Spinning Mills Q1 Results Live : Bannari Amman Spinning Mills declared their Q1 results on 14 August 2024, revealing a notable decrease in revenue by 19.84% year-over-year. The company reported a profit of ₹3.12 crore for the quarter, a significant improvement from the ₹4.79 crore loss recorded in the same period of the previous fiscal year. Compared to the previous quarter, revenue saw a decline of 13.05%.
The company’s selling, general, and administrative expenses increased by 8.65% quarter-over-quarter but showed a substantial decrease of 52.2% year-over-year. Meanwhile, operating income experienced a sharp rise of 81.23% quarter-over-quarter but decreased by 131.57% year-over-year.
The earnings per share (EPS) for Q1 stood at ₹-1.39, marking a decline of 87.33% year-over-year. Despite these mixed financial metrics, Bannari Amman Spinning Mills has shown resilience in the stock market, delivering a return of 1.04% over the past week, 13.81% over the last six months, and a year-to-date return of 16.8%.
Currently, Bannari Amman Spinning Mills holds a market capitalization of ₹360.35 crore. The company’s stock has a 52-week high of ₹62.64 and a 52-week low of ₹37.5, reflecting its trading range over the past year.
Bannari Amman Spinning Mills Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 215.86 | 248.25 | -13.05% | 269.27 | -19.84% |
| Selling/ General/ Admin Expenses Total | 20.03 | 18.43 | +8.65% | 41.9 | -52.2% |
| Depreciation/ Amortization | 6.44 | 7.43 | -13.25% | 9.3 | -30.71% |
| Total Operating Expense | 218.96 | 264.79 | -17.31% | 259.43 | -15.6% |
| Operating Income | -3.11 | -16.55 | +81.23% | 9.84 | -131.57% |
| Net Income Before Taxes | -14.52 | -12.26 | -18.41% | -5.07 | -186.24% |
| Net Income | 3.12 | -12.83 | +124.32% | -4.79 | +165.17% |
| Diluted Normalized EPS | -1.39 | -1.51 | +8.3% | -0.74 | -87.33% |
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