Aananda Lakshmi Spinning Mills Q1 Results Revenue ₹57.79 Lakhs & Net Loss ₹4.25 Lakhs

Aananda Lakshmi Spinning Mills Q1 Results

Aananda Lakshmi Spinning Mills Q1 Results: Aananda Lakshmi Spinning Mills reported mixed financial results for the first quarter ended June 30, 2024. Aananda Lakshmi Spinning Mils’ revenue from operations significantly increased to ₹57.79 lakhs compared to ₹5.87 lakhs in the previous quarter. However, it decreased from ₹132.20 lakhs reported in the same quarter last year. 

Aananda Lakshmi Spinning Mills’ other income was ₹9.58 lakhs, which was lower than ₹44.93 lakhs in the previous quarter but slightly higher than ₹8.25 lakhs a year ago. This brought the total income to ₹67.37 lakhs, up from ₹50.80 lakhs in the last quarter but down from ₹140.45 lakhs a year prior.

Aananda Lakshmi Spinning Mills’ expenses for the quarter were ₹58.49 lakhs, an increase from ₹25.41 lakhs in the previous quarter. Major costs included finance costs at ₹24.78 lakhs and employee benefits at ₹8.44 lakhs. The company recorded a profit before tax of ₹8.88 lakhs, down from ₹45.39 lakhs in the previous quarter. 

Aananda Lakshmi Spinning Mills’ profit from continuing operations was ₹8.88 lakhs, while the loss from discontinued operations was ₹13.13 lakhs. Overall, the company posted a net loss of ₹4.25 lakhs for the quarter. Earnings per share (EPS) for continuing operations was ₹0.25, and for discontinued operations, it was a loss of ₹0.22.

Source: Here 

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Overview

Here's a simplified summary of the unaudited financial results for AANANDA LAKSHMI SPINNING MILLS for the quarter ending June 30, 2024:

Aananda Lakshmi Spinning Mills Stock Metrics

The table shows financial information about Aananda Lakshmi Spinning Mills. The company's market capitalization is ₹5.23 crore, which represents its total value based on its stock price. The current stock price is ₹14.9, with a high of ₹32.5 and a low of ₹9.28 over a certain period. The Price-to-Earnings (P/E) ratio is very low at 1.08, suggesting the stock might be undervalued. 

Here's a summary of the financial data you provided:

Quarterly Results 

The table for Aananda Lakshmi Spinning Mills shows their financial performance over three quarters: December 2023, March 2024, and June 2024. It details their sales, expenses, and operating profit. In December 2023, the company had sales of ₹0.71 crores, expenses of ₹0.08 crores, and an operating profit of ₹0.63 crores, with a high profit margin of 88.73%. 

Here’s the table for the quarters of December 2023, March 2024, and June 2024 with the particulars:

About Aananda Lakshmi Spinning Mills

Aananda Lakshmi Spinning Mills is a public company that started on March 21, 2013, according to the Companies Act of 1956. Our main office is on the 6th floor of Surya Towers, located at 105 SP Road, Secunderabad, Telangana 500003. We focus on real estate and are also engaged in trading and manufacturing specialized textile products. One of our key products is Cotton Linters, which are used in various textile applications. Our goal is to provide high-quality products and services in both the real estate and textile industries.