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- Flora Textiles Q1 Results Revenue Drops to Rs 6.14 Lakhs with Net Loss of Rs 2.76 Lakhs
Flora Textiles Q1 Results Revenue Drops to Rs 6.14 Lakhs with Net Loss of Rs 2.76 Lakhs
Flora Textiles Q1 Results reveal a 41.4% drop in revenue to Rs 6.14 lakhs and a 61.8% rise in expenses, resulting in a reduced net loss of Rs 2.76 lakhs; Flora Textiles Q1 Results reflect continued financial difficulties.
by P Nandhini
Updated Aug 26, 2024
Table of Content
Flora Textiles Q1 Results: Flora Textiles announced their Q1 results for the fiscal year 2024-2025 on August 11, 2024. The company's revenue from operations dropped significantly by 41.4% compared to the same period last year, falling from Rs 10.41 lakhs in Q1 2023 to Rs 6.14 lakhs in Q1 2024.
The total income also saw a decrease, with a reduction of 41.2% year-over-year, from Rs 10.44 lakhs to Rs 6.14 lakhs. This decline in income reflects a challenging quarter for the company. In terms of expenses, Flora Textiles reported a substantial rise of 61.8%, increasing from Rs 4.27 lakhs in Q1 2023 to Rs 8.90 lakhs in Q1 2024.
This surge in expenses led to a net loss of Rs 2.76 lakhs, compared to a loss of Rs 17.15 lakhs in the previous year. Despite these challenges, the company remains committed to improving its financial performance and will address these issues as it moves forward into the next quarters.
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Flora Textiles Q1 Results 2024 - 2025
Here is a summary of Flora Textiles's Q1 results for the fiscal year 2024-2025:
| Particulars | Q1 2024 (Rs in Lakhs) | Q1 2023 (Rs in Lakhs) |
|---|---|---|
| Revenue from Operations | 6.14 | 10.41 |
| Sale of Products and Services | 6.14 | 10.41 |
| Other Operating Revenue | 0.00 | 0.00 |
| Other Income | 0.00 | 0.03 |
| Total Income | 6.14 | 10.44 |
| Cost of Materials Consumed | 0.00 | 0.00 |
| Purchases of Stock-in-Trade | 0.00 | 0.00 |
| Changes in Inventories | 0.00 | 0.00 |
| Employee Benefits Expenses | 0.00 | 0.00 |
| Finance Costs | 0.00 | 0.00 |
| Depreciation and Amortisation | 0.00 | 0.00 |
| Advertising and Promotion | 0.00 | 0.00 |
| Other Expenses | 4.34 | 4.27 |
| Total Expenses | 8.90 | 4.27 |
| Profit Before Exceptional Items | -2.76 | -17.15 |
| Exceptional Items | 0.00 | 0.00 |
| Profit Before Tax | -2.76 | -17.15 |
| Tax Expenses | 0.00 | 0.00 |
| Current Tax | 0.00 | 0.00 |
| Deferred Tax Credit/(Charge) | 0.00 | 0.00 |
| Profit for the Period | -2.76 | -17.15 |
| Other Comprehensive Income | 0.00 | 0.00 |
| Total Comprehensive Income | -2.76 | -17.15 |
| Paid-up Equity Share Capital | 600.00 | 600.00 |
| Other Equity | 6,000,000.00 | 6,000,000.00 |
| Earnings Per Equity Share (Basic) | -0.05 | -0.29 |
| Earnings Per Equity Share (Diluted) | -0.05 | -0.29 |
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Flora Textiles Current Market Overview
Flora Textiles is currently trading at ₹56.3 per share with a market capitalization of ₹33.8 crore. The stock has seen a high of ₹56.3 and a low of ₹9.00 in its recent trading history. It has a low price-to-earnings ratio of 5.43, which suggests it may be undervalued compared to its earnings.
The company's book value is negative at ₹-10.7, and it offers no dividend yield. Despite this, its return on capital employed (ROCE) is exceptionally high at 4,570%, indicating strong efficiency in using its capital.
| Metric | Value |
|---|---|
| Current Price | ₹56.3 |
| Market Cap | ₹33.8 Crore |
| High / Low | ₹56.3 / ₹9.00 |
| Stock P/E Ratio | 5.43 |
| Book Value | ₹-10.7 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 4,570% |
| Face Value | ₹10.0 |
Quarterly Results
Here’s a summary of Flora Textiles’s financial performance for the last three quarters:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 0.10 | 0.15 | 0.06 |
| Expenses | 0.06 | 0.08 | 0.09 |
| Operating Profit | 0.04 | 0.07 | -0.03 |
| Operating Profit Margin (OPM%) | 40.00% | 46.67% | -50.00% |
| Other Income | 0.00 | 6.05 | 0.00 |
| Interest | 0.18 | -0.45 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.00 |
| Profit Before Tax | -0.15 | 6.56 | -0.03 |
| Tax % | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.15 | 6.56 | -0.03 |
| EPS (in Rs) | -0.25 | 10.93 | -0.05 |
About Flora Textiles
Flora Textiles is a well-established company based in Coimbatore, India, specializing in the production of grey fabrics and open-end yarn. Founded in 1994 by Mr. V.R. Gupta and his son Mr. Ajit Kumar Gupta, the company is now led by Mrs. Nidhi Gupta, who took over in 2003.
Flora Textiles is known for its advanced weaving technology, including high-speed PICANOL DELTA Airjet machines, and offers a wide range of fabric types such as Duck, Drill, Oxford, and Twill. In addition to manufacturing, the company also trades in yarn and fabric, reflecting its strong presence in the textile industry.
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Flora Textiles Q1 Results - FAQs
1. What is Flora Textiles’ revenue for Q1 2024?
Flora Textiles reported a revenue of Rs 6.14 lakhs for Q1 2024.
2. How much did Flora Textiles’ revenue decrease from Q1 2023 to Q1 2024?
Flora Textiles' revenue decreased by 41.4% from Q1 2023 to Q1 2024.
3. What was the total income of Flora Textiles in Q1 2024?
The total income of Flora Textiles in Q1 2024 was Rs 6.14 lakhs.
4. What were Flora Textiles' total expenses in Q1 2024?
Flora Textiles' total expenses for Q1 2024 were Rs 8.90 lakhs.
5. What was Flora Textiles’ net loss in Q1 2024?
Flora Textiles reported a net loss of Rs 2.76 lakhs in Q1 2024.
6. What was Flora Textiles’ profit before tax in Q1 2024?
Flora Textiles’ profit before tax in Q1 2024 was Rs -2.76 lakhs.
7. What was Flora Textiles' profit before exceptional items in Q1 2024?
Flora Textiles' profit before exceptional items in Q1 2024 was Rs -2.76 lakhs.
8. How much did Flora Textiles’ other expenses increase in Q1 2024?
Flora Textiles’ other expenses increased by 1.6% in Q1 2024.
9. What was the employee benefits expense for Flora Textiles in Q1 2024?
Flora Textiles reported no employee benefits expenses in Q1 2024.