Sambandam Spinning Mills Ltd Q2 FY24 net profit at Rs. 31.89 lakhs

SAMBANDAM SPINNING MILLS LTD. has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 50.8954 crores during the period ended September 30, 2023 as compared to Rs. 52.8670 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.3189 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -3.1212 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.75 for the period ended September 30, 2023 as compared to Rs. -7.32 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 50.8954 crs	₹52.8670 crs	-3.73%
Net Profit	₹0.3189 crs	₹-3.1212 crs	110.22%
EPS	₹0.75	₹-7.32	110.25%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 50.8954 crores during the period ended September 30, 2023 as compared to Rs.75.1034 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.3189 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-5.1839 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.75 for the period ended September 30, 2023 as compared to Rs.-12.16 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 50.8954 crs	₹75.1034 crs	-32.23%
Net Profit	₹0.3189 crs	₹-5.1839 crs	106.15%
EPS	₹0.75	₹-12.16	106.17%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.103.7624 crores during the 6 Months period ended September 30, 2023 as compared to Rs.157.5903 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-2.8023 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-3.8810 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-6.57 for the 6 Months period ended September 30, 2023 as compared to Rs.-9.10 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹103.7624 crs	₹157.5903 crs	-34.16%
Net Profit	₹-2.8023 crs	₹-3.8810 crs	27.79%
EPS	₹-6.57	₹-9.10	27.80%

Shares of SAMBANDAM SPINNING MILLS LTD. was last trading in BSE at Rs. 169.20 as compared to the previous close of Rs. 170.95. The total number of shares traded during the day was 262 in over 12 trades.

The stock hit an intraday high of Rs. 175.00 and intraday low of 169.00. The net turnover during the day was Rs. 44679.00.

Source : Equity Bulls

Keywords

SambandamSpinningMills Q2FY24 H1FY24 ResultUpdate