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- Sambandam Spinning Mills Q1 Results, Total Income Reaches ₹6,897.83 Lakhs and Net Loss for the Period at ₹110.26 Lakhs
Sambandam Spinning Mills Q1 Results, Total Income Reaches ₹6,897.83 Lakhs and Net Loss for the Period at ₹110.26 Lakhs
Sambandam Spinning Mills Q1 Results indicate a revenue from operations of ₹6,875.46 lakhs, marking an 11.06% QoQ increase, while total income rose by 3.90% QoQ to ₹6,897.83 lakhs. Additionally, the loss before tax improved by 3.93% QoQ to ₹136.77 lakhs.
by P Nandhini
Updated Sep 28, 2024
Table of Content
Sambandam Spinning Mills Q1 Results: Sambandam Spinning Mills released their Q1 results for the fiscal year 2024-2025. The company reported revenue from operations of ₹6,875.46 lakhs, which is an increase of 11.06% quarter-over-quarter (QoQ) compared to ₹6,190.10 lakhs in March 2024.
Additionally, their total income rose to ₹6,897.83 lakhs, reflecting a growth of 3.90% QoQ from ₹6,639.09 lakhs in the previous quarter. However, other income saw a significant decrease, dropping from ₹448.99 lakhs in March 2024 to ₹22.37 lakhs in June 2024.
In terms of profitability, Sambandam Spinning Mills reported a loss before tax of ₹136.77 lakhs in June 2024, which is an improvement compared to a loss of ₹141.61 lakhs in March 2024, marking a 3.93% reduction in losses QoQ. Furthermore, the loss for the period narrowed from ₹132.84 lakhs in March 2024 to ₹110.26 lakhs in June 2024.
These results indicate that while the company's operational revenue has improved, it still faces challenges with overall profitability. As you assess these figures, it is clear that Sambandam Spinning Mills is on a path of gradual recovery, but ongoing efforts are needed to enhance its financial performance in the coming quarters.
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Sambandam Spinning Mills Q1 Results 2024 - 2025
Here are the key figures from Sambandam Spinning Mills' Q1 results for the fiscal year 2024-2025. The table below summarizes their financial performance, highlighting the revenue, income, and profit or loss figures for June and March 2024.
| Particulars | June 2024 (Q1) | March 2024 (Q4) | Change (QoQ) |
|---|---|---|---|
| Revenue from Operations | ₹6,875.46 lakhs | ₹6,190.10 lakhs | +11.06% |
| Other Income | ₹22.37 lakhs | ₹448.99 lakhs | -95.03% |
| Total Income | ₹6,897.83 lakhs | ₹6,639.09 lakhs | +3.90% |
| Cost of Materials Consumed | ₹4,796.98 lakhs | ₹4,762.62 lakhs | +0.72% |
| Employee Benefits Expense | ₹838.65 lakhs | ₹780.84 lakhs | +7.40% |
| Power and Fuel-Net | ₹392.75 lakhs | ₹443.74 lakhs | -11.49% |
| Finance Costs | ₹290.90 lakhs | ₹377.01 lakhs | -22.83% |
| Depreciation and Amortisation Expense | ₹251.15 lakhs | ₹333.08 lakhs | -24.60% |
| Other Expenses | ₹641.39 lakhs | ₹490.50 lakhs | +30.72% |
| Total Expenses | ₹7,075.77 lakhs | ₹6,783.54 lakhs | +4.30% |
| Profit/(Loss) Before Tax | (₹136.77) lakhs | (₹141.61) lakhs | +3.93% |
| Profit/(Loss) for the Period | (₹110.26) lakhs | (₹132.84) lakhs | +17.00% |
Source: Click Here
Sambandam Spinning Mills Current Market Overview
Sambandam Spinning Mills is currently navigating a competitive market in the textile industry. As of now, the company has shown steady growth in its production capacity and has been expanding its presence both in India and internationally.
With a strong focus on quality yarn manufacturing, it continues to meet the demands of leading fabric makers. The company exports a significant portion of its products to various countries, which helps diversify its market.
Despite facing challenges like fluctuating raw material prices and economic changes, Sambandam Spinning Mills is well-positioned to adapt and continue its growth in the market.
| Aspect | Details |
|---|---|
| Current Price | ₹165 |
| Change (%) | +0.82% |
| Market Capitalization | ₹70.4 Cr. |
| High / Low | ₹198 / ₹138 |
| Book Value | ₹214 |
| Dividend Yield | 0.00% |
| Return on Capital Employed (ROCE) | 1.12% |
| Return on Equity (ROE) | -8.18% |
| Face Value | ₹10.0 |
| BSE Code | 521240 |
Quarterly Results
Here are the quarterly results for Sambandam Spinning Mills for the periods of December 2023, March 2024, and June 2024.
| Metric | Dec 2023 (Rs. Crores) | Mar 2024 (Rs. Crores) | Jun 2024 (Rs. Crores) |
|---|---|---|---|
| Sales | 52.92 | 61.90 | 68.75 |
| Expenses | 54.17 | 60.74 | 65.34 |
| Operating Profit | -1.25 | 1.16 | 3.41 |
| Operating Profit Margin (OPM) | -2.36% | 1.87% | 4.96% |
| Other Income | 1.29 | 4.52 | 0.64 |
| Interest | 3.08 | 3.77 | 2.91 |
| Depreciation | 2.55 | 3.33 | 2.51 |
| Profit Before Tax | -5.59 | -1.42 | -1.37 |
| Tax % | -33.09% | -6.34% | -19.71% |
| Net Profit | -3.74 | -1.33 | -1.10 |
| Earnings Per Share (EPS) | -8.77 | -3.12 | -2.58 |
About Sambandam Spinning Mills
Sambandam Spinning Mills is a well-known company based in South India that specializes in manufacturing yarns. Founded in 1974 by Shri S.P. Sambandam, Shri S.P. Ratnam, and Shri S.P. Rajendran, it started as a small unit with just 2,000 spindles.
Over the years, the company has grown significantly and now operates with a capacity of 200,000 spindles across five spinning mill units. Headquartered in Salem, Sambandam Spinning Mills supplies its products to major fabric manufacturers in India and exports over 50% of its production to countries in Eastern Europe and the Far East, including Italy, Germany, Indonesia, China, Japan, and Colombia.
The company is recognized for its commitment to quality and has established itself as a pioneer in the textile industry.
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Sambandam Spinning Mills Q1 Results - FAQs
1. What was the revenue from operations for Sambandam Spinning Mills in Q1 2024?
The revenue from operations for Sambandam Spinning Mills in Q1 2024 was ₹6,875.46 lakhs.
2. How much did Sambandam Spinning Mills' total income increase in Q1 2024?
Sambandam Spinning Mills' total income increased by 3.90% in Q1 2024.
3. What was the loss before tax for Sambandam Spinning Mills in June 2024?
The loss before tax for Sambandam Spinning Mills in June 2024 was ₹136.77 lakhs.
4. What was the percentage increase in revenue from operations for Sambandam Spinning Mills QoQ?
The revenue from operations for Sambandam Spinning Mills increased by 11.06% quarter-over-quarter.
5. How much did other income decrease for Sambandam Spinning Mills in Q1 2024?
Other income for Sambandam Spinning Mills decreased by 95.03% in Q1 2024.
6. What was the profit or loss for Sambandam Spinning Mills for the period ending June 2024?
Sambandam Spinning Mills reported a loss of ₹110.26 lakhs for the period ending June 2024.
7. What was the employee benefits expense for Sambandam Spinning Mills in Q1 2024?
The employee benefits expense for Sambandam Spinning Mills in Q1 2024 was ₹838.65 lakhs.
8. What are the total expenses for Sambandam Spinning Mills in June 2024?
The total expenses for Sambandam Spinning Mills in June 2024 were ₹7,075.77 lakhs.
9. What is the cost of materials consumed by Sambandam Spinning Mills?
The cost of materials consumed by Sambandam Spinning Mills was ₹4,796.98 lakhs in June 2024.
10. How much did the loss for the period narrow for Sambandam Spinning Mills?
The loss for the period narrowed from ₹132.84 lakhs in March 2024 to ₹110.26 lakhs in June 2024.