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- Naraingarh Sugar Mills Q1 Results Revenue Fell to ₹1,955.99 lakhs With a Net Loss of ₹1,261.24 Lakhs
Naraingarh Sugar Mills Q1 Results Revenue Fell to ₹1,955.99 lakhs With a Net Loss of ₹1,261.24 Lakhs
Naraingarh Sugar Mills Q1 Results reveal a dramatic 85.7% QoQ drop in revenue to ₹1,955.99 lakhs and a net loss of ₹1,261.24 lakhs compared to a net profit of ₹2,201.63 lakhs in the same quarter last year, reflecting a 157.3% YoY decline.
by P Nandhini
Updated Sep 03, 2024
Table of Content
Naraingarh Sugar Mills Limited (NSML) Q1 Results: Naraingarh Sugar Mills Limited released its financial results for the first quarter of the 2024-2025 fiscal year on September 2, 2024.
The company reported a significant decline in revenue, with total income from operations dropping to ₹1,955.99 lakhs compared to ₹13,680.22 lakhs in the previous quarter, representing a decrease of approximately 85.7% quarter-over-quarter.
This sharp decline reflects the impact of lower sugarcane availability and increased production costs during the quarter. The company's net loss for the quarter was ₹1,261.24 lakhs, compared to a net profit of ₹2,201.63 lakhs in the same quarter last year, marking a year-over-year decrease of 157.3%.
Expenses also rose notably, with total expenses climbing to ₹2,237.01 lakhs from ₹11,212.43 lakhs in the previous quarter, an increase of around 100.8%. The financial results indicate a challenging quarter for NSML, largely due to increased costs and lower operational efficiency.
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Naraingarh Sugar Mills Q1 Results 2024 - 2025
Naraingarh Sugar Mills Limited (NSML) reported its financial results for the first quarter of the 2024-2025 fiscal year on September 2, 2024. The company experienced a significant decrease in revenue and a notable increase in expenses compared to previous periods. Below is a summary of the Q1 results:
| Particulars | 30th June 2024 | 31st March 2024 |
|---|---|---|
| Net Sales/Income from Operations | ₹1,955.99 lakhs | ₹13,677.21 lakhs |
| Other Operating Revenues | ₹0.00 lakhs | ₹3.01 lakhs |
| Total Income from Operations | ₹1,955.99 lakhs | ₹13,680.22 lakhs |
| Cost of Materials Consumed | ₹29.20 lakhs | ₹9,737.99 lakhs |
| Changes in Inventories | ₹1,657.25 lakhs | ₹315.28 lakhs |
| Employee Benefits Expense | ₹191.81 lakhs | ₹245.81 lakhs |
| Depreciation and Amortisation Expenses | ₹182.85 lakhs | ₹187.88 lakhs |
| Other Expenses | ₹175.90 lakhs | ₹725.47 lakhs |
| Total Expenses | ₹2,237.01 lakhs | ₹11,212.43 lakhs |
| Profit/(Loss) from Operations | (₹281.02 lakhs) | ₹2,467.79 lakhs |
| Other Income | ₹0.21 lakhs | ₹0.40 lakhs |
| Profit/(Loss) before Finance Costs | (₹280.81 lakhs) | ₹2,468.19 lakhs |
| Finance Costs | ₹980.43 lakhs | ₹998.87 lakhs |
| Profit/(Loss) After Finance Costs | (₹1,261.24 lakhs) | ₹1,469.32 lakhs |
| Exceptional Items | ₹0.00 lakhs | ₹0.00 lakhs |
| Profit/(Loss) Before Tax | (₹1,261.24 lakhs) | ₹1,469.32 lakhs |
| Tax Expense | ₹0.00 lakhs | (₹732.31 lakhs) |
| Net Profit/(Loss) After Tax | (₹1,261.24 lakhs) | ₹2,201.63 lakhs |
| Other Comprehensive Income | ₹0.00 lakhs | (₹27.31 lakhs) |
| Total Comprehensive Income/(Loss) | (₹1,261.24 lakhs) | ₹2,174.32 lakhs |
| Paid-up Equity Share Capital | ₹1,901.81 lakhs | ₹1,901.81 lakhs |
| Earnings per Share (Basic) | (₹6.63) | ₹11.58 |
| Earnings per Share (Diluted) | (₹6.63) | ₹11.58 |
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Quarterly Results
The following table provides a summary of Naraingarh Sugar Mills' financial performance for the quarters ending December 2023, March 2024, and June 2024:
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | ₹37 lakhs | ₹137 lakhs | ₹20 lakhs |
| Expenses | ₹39 lakhs | ₹110 lakhs | ₹21 lakhs |
| Operating Profit | -₹2 lakhs | ₹27 lakhs | -₹1 lakh |
| Operating Profit Margin (OPM) | -4% | 19% | -5% |
| Other Income | -₹0 lakhs | -₹0 lakhs | -₹0 lakhs |
| Interest | ₹11 lakhs | ₹10 lakhs | ₹10 lakhs |
| Depreciation | ₹2 lakhs | ₹2 lakhs | ₹2 lakhs |
| Profit Before Tax | -₹15 lakhs | ₹15 lakhs | -₹13 lakhs |
| Tax % | -0% | -50% | -0% |
| Net Profit | -₹15 lakhs | ₹22 lakhs | -₹13 lakhs |
| Earnings Per Share (EPS) | -₹7.36 | ₹10.84 | -₹6.21 |
About Naraingarh Sugar Mills
Naraingarh Sugar Mills Limited (NSML) is a company based in Naraingarh, Haryana, established on August 1, 1991. It specializes in the production of sugar and its by-products. The mill operates with an installed capacity of 4,000 tons of cane per day (TCD) and has a co-generation facility that produces 25 megawatts (MW) of power.
The company processes sugarcane from a large command area of about 60,000 hectares and supports the local economy by providing jobs and engaging with over 9,000 sugarcane growers. NSML runs throughout the year, using bagasse and paddy straw as primary fuel sources.
The company has modern facilities, including in-house storage and residential complexes spread over 110 acres.
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Naraingarh Sugar Mills Q1 Results - FAQs
1. What is the revenue for Naraingarh Sugar Mills in Q1 2024-2025?
Naraingarh Sugar Mills reported a revenue of ₹1,955.99 lakhs for Q1 2024-2025.
2. How much did Naraingarh Sugar Mills’ revenue decrease compared to the previous quarter?
The revenue decreased by approximately 85.7% compared to the previous quarter.
3. What was the net loss reported by Naraingarh Sugar Mills for Q1 2024-2025?
Naraingarh Sugar Mills reported a net loss of ₹1,261.24 lakhs.
4. How does Naraingarh Sugar Mills' Q1 2024-2025 net loss compare to the same quarter last year?
The net loss increased by 157.3% compared to the same quarter last year.
5. What were the total expenses for Naraingarh Sugar Mills in Q1 2024-2025?
Total expenses were ₹2,237.01 lakhs.
6. What is the cost of materials consumed by Naraingarh Sugar Mills in Q1 2024-2025?
The cost of materials consumed was ₹29.20 lakhs.
7. What was the total comprehensive income for Naraingarh Sugar Mills in Q1 2024-2025?
The total comprehensive income was a loss of ₹1,261.24 lakhs.
8. What was the earnings per share (EPS) for Naraingarh Sugar Mills in Q1 2024-2025?
The EPS was ₹(6.63) for both basic and diluted shares.
9. What was the total income from operations for Naraingarh Sugar Mills in Q1 2024-2025?
The total income from operations was ₹1,955.99 lakhs.
10. How did Naraingarh Sugar Mills’ total expenses compare to the previous quarter?
Total expenses increased to ₹2,237.01 lakhs from ₹11,212.43 lakhs.