Konark Synthetic Q1 Results, Net Loss of ₹23,08 Lakh and Revenue Decline to ₹5,02,20 Lakh

Konark Synthetic recently reported its financial results for the first quarter of the fiscal year 2024-2025. For the quarter ending June 30, 2024, the company generated a total income of ₹5,48,23 lakh, which is lower than the ₹8,35,67 lakh reported in the previous quarter.

The company experienced a profit loss before tax of ₹23,08 lakh, a notable decline from the profit of ₹1,78 lakh in the last quarter. This loss highlights ongoing challenges, including increased expenses and changes in inventory costs.

This drop in revenue and rising costs resulted in a net loss of ₹23,08 lakh for the quarter, compared to a modest profit in the previous quarter.  This is a reversal from the small profit recorded previously.

With these results, Konark Synthetic will need to address its financial difficulties and seek ways to stabilize and improve its performance in future quarters. The financial results highlight several challenges, including increased expenses for materials and employee benefits, which have contributed to the current loss.

The company will need to focus on addressing these cost issues and improving its revenue generation strategies to reverse the negative trend and achieve better financial outcomes in future quarters.

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Konark Synthetic Q1 Results 2024 - 2025

Konark Synthetic's financial performance for the first quarter of the fiscal year 2024-2025 reveals a significant decline in profitability. Here is a summary of the key figures for the period ending June 30, 2024:

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Konark Synthetic Current Market Overview

Konark Synthetic is currently trading at ₹26.0 per share, with a market capitalization of ₹15.1 crore. The stock has a price-to-earnings (P/E) ratio of 15.9, which indicates how the company's share price compares to its earnings. The company's book value per share is ₹51.2, showing the net asset value.

Despite a high return on equity (ROE) of 49.2%, the company does not offer any dividends. The stock has fluctuated between ₹10.5 and ₹28.1 over time. The return on capital employed (ROCE) is 8.03%, highlighting how well the company uses its capital. 

Quarterly Results

Here is a summary of Konark Synthetic’s financial performance for the quarters ending December 2023, March 2024, and June 2024:

About Konark Synthetic 

Konark Synthetic, established in 1984, is a company based in India that specializes in manufacturing yarn and trading fabric. They are involved in various aspects of the textile industry, including weaving, processing, and the production of ready-made garments.

The company focuses on delivering high-quality synthetic fabrics and yarns to meet the needs of different markets. Over the years, Konark Synthetic has built a reputation for its commitment to quality and innovation in the textile sector.

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