Cheviot Q1 Results with Net Profit of ₹2,651.63 lakhs

Cheviot’s financial  performance in the first quarter of 2024, showed a mix of growth and challenges. The company earned a total income of ₹11,915.54 lakhs, which is a slight decrease compared to the ₹12,633.13 lakhs from the same quarter last year but lower than ₹13,258.99 lakhs from the previous quarter. This total income comes from revenue of ₹9,471.76 lakhs and other income of ₹2,443.78 lakhs.

Cheviot's expenses were ₹8,805.36 lakhs, which is higher compared to ₹10,566.16 lakhs from the same quarter last year but lower than ₹11,408.48 lakhs from the previous quarter. The primary expenses include costs of materials, employee benefits, and other operational costs.

Cheviot's profit before tax for the quarter was ₹3,110.18 lakhs, which represents an increase from ₹2,066.97 lakhs last year and ₹1,850.51 lakhs from the previous quarter. After accounting for tax expenses of ₹458.55 lakhs, the profit for the period was ₹2,651.63 lakhs, showing growth from ₹1,686.67 lakhs in the same quarter last year.

Source: Here

Cheviot Q1 Results 2024-2025

Cheviot's financial performance was strong in the first quarter of 2024-2025. The company earned ₹11,915.54 lakhs in total income, which includes ₹9,471.76 lakhs from operations and ₹2,443.78 lakhs from other sources. Their total expenses were ₹8,805.36 lakhs, resulting in a profit before tax of ₹3,110.18 lakhs. 

For the quarter ending June 30, 2024, Cheviot's financial results are summarized as follows:

(₹ In Lakhs)

Cheviot Comprehensive Analysis

Cheviot has a market cap of ₹869 crores and its current stock price is ₹1,444. The stock has reached a high of ₹1,627 and a low of ₹1,130. Its Price-to-Earnings (P/E) ratio is 11.0, and the book value per share is ₹1,040. The dividend yield is 0.33%, meaning shareholders get a small return from dividends.

Here is the financial data:

Quarterly Results 

Cheviot made sales for December 2023, of 98 and had expenses of 89, resulting in an operating profit of 9. Other income was 14, leading to a profit before tax of 21. The tax rate was 16%, so the net profit was 18, with an EPS (earnings per share) of 29.78.

Here's the data summarized in a table format:

About Cheviot 

Cheviot is a company with a rich history and a strong focus on sustainability. It started in 1897 with the establishment of Delta Jute Mills Company Limited in Budge Budge, India. This mill, set up by the British, was one of the first ventures in the jute industry.

In 1960, the Cheviot expanded into tea production when B.D. Kanoria acquired Cheviot Agro Industries. This included the Binnakandi Tea Estate in Assam, known for its high-quality Assam CTC tea, which earned the brand the name “Golden Horse.”

By 1976, the jute factory at 14 Mehta Road was brought under Cheviot Company Limited. The company continued to produce traditional jute products, such as sacking and hessian.

Cheviot diversified in 1995 by starting to make high-grade yarns for export. This move marked the beginning of its expansion into new markets.

In 2003, under H.V. Kanoria’s leadership, Cheviot launched a specialized weaving unit with advanced looms, producing technical textiles and geotextiles.