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- Shekhawati Industries Q1 Results Revenue Drops to ₹1,354.55 Lakhs with Net Profit of ₹235.88 Lakhs
Shekhawati Industries Q1 Results Revenue Drops to ₹1,354.55 Lakhs with Net Profit of ₹235.88 Lakhs
Shekhawati Industries Q1 results revealed a 22.29% YoY drop in revenue to ₹16.52 Cr., with an operating margin of 8.92% and profit after tax of ₹2.36 Cr. Shekhawati Industries Q1 results also showed significant declines in profitability compared to the previous quarter.
by Madhumitha
Updated Sep 10, 2024
Table of Content
Shekhawati Industries Q1 Results: Shekhawati Industries, formerly known as Shekhawati Poly-Yarn, announced its first quarter results on 24 July 2024. The company reported a significant drop in revenue, with a year-over-year (YoY) decrease of 22.29%, from Rs. 1,740.97 lakhs in Q1 2023 to Rs. 1,354.55 lakhs in Q1 2024. This decline reflects a challenging period for the company, despite its ongoing efforts to stabilize performance.
In terms of profitability, Shekhawati Industries saw a year-over-year (YoY) reduction in profit before exceptional items and tax, dropping by 70.31% compared to the same quarter last year.
Additionally, the net profit after tax experienced a year-over-year (YoY) decline of 84.27%, falling from Rs. 14,541.10 lakhs in Q1 2023 to Rs. 235.88 lakhs in Q1 2024. On a quarter-over-quarter (QoQ) basis, the results also show a decrease, with a notable drop in both revenue and profit metrics compared to the previous quarter.
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Shekhawati Industries Q1 Results 2024-2025
Here is a summary of Shekhawati Industries' Q1 results for the period ended 30 June 2024:
| Particulars | Q1 2024 (Unaudited) | Q1 2023 (Audited) |
|---|---|---|
| Revenue from Operations | Rs. 1,354.55 lakhs | Rs. 1,740.97 lakhs |
| Profit before Exceptional Items and Tax | Rs. 235.88 lakhs | Rs. 795.11 lakhs |
| Net Profit After Tax | Rs. 235.88 lakhs | Rs. 14,541.10 lakhs |
| Total Comprehensive Income | Rs. 240.73 lakhs | Rs. 14,560.50 lakhs |
| Earnings Per Share (Basic) | Rs. 0.07 | Rs. 4.22 |
| Cost of Materials Consumed | Rs. 473.27 lakhs | Rs. 458.29 lakhs |
| Employees Benefits Expenses | Rs. 151.25 lakhs | Rs. 118.37 lakhs |
| Power and Fuel | Rs. 428.99 lakhs | Rs. 398.37 lakhs |
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Shekhawati Industries Current Market Overview
Shekhawati Industries, listed on both the BSE and NSE, has a market capitalization of ₹294 crore. As of 10 September, the stock is trading at ₹85.20, reflecting a decrease of 1.99%. The company's shares have fluctuated between a high of ₹92.20 and a low of ₹4.00.
With a Price-to-Earnings (P/E) ratio of 15.6, Shekhawati Industries does not currently offer a dividend yield. The company's Book Value stands at ₹2.11, and it boasts a Return on Capital Employed (ROCE) of 35.1%. The face value of the stock is ₹1.00.
| Attribute | Details |
|---|---|
| Current Price | ₹85.20 |
| Change | -1.99% |
| Date/Time | 10 Sep, 3:49 p.m. |
| Market Cap | ₹294 Cr. |
| High / Low | ₹92.20 / ₹4.00 |
| Stock P/E | 15.6 |
| Book Value | ₹2.11 |
| ROCE | 35.1% |
| Face Value | ₹1.00 |
Quarterly Results
Here is a summary of Shekhawati Industries's quarterly results for the periods of December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 13.15 | 24.08 | 16.52 |
| Expenses (₹ Cr.) | 13.63 | 14.86 | 14.92 |
| Operating Profit (₹ Cr.) | -0.48 | 9.22 | 1.60 |
| OPM (%) | -3.65% | 38.29% | 9.69% |
| Other Income (₹ Cr.) | 5.09 | 138.06 | 0.89 |
| Interest (₹ Cr.) | 0.01 | 0.01 | 0.01 |
| Depreciation (₹ Cr.) | 2.24 | 1.80 | 0.12 |
| Profit Before Tax (₹ Cr.) | 2.36 | 145.47 | 2.36 |
| Tax % | 0.00% | 0.04% | 0.00% |
| Net Profit (₹ Cr.) | 2.36 | 145.41 | 2.36 |
| EPS (₹) | 0.68 | 42.15 | 0.68 |
About Shekhawati Industries
Shekhawati Industries, originally founded as Shekhawati Poly-Yarn in 1990, is a prominent manufacturer specializing in texturizing yarn, twisting yarn, and knitted fabrics. The company serves both domestic and international markets, providing a range of textile products.
Based in Mumbai, Shekhawati Industries has undergone significant changes, including a recent name change to better reflect its expanded focus beyond just yarn production. The company's operations are designed to meet diverse customer needs, from high-quality yarns to versatile knitted fabrics, contributing to its strong presence in the textile industry.
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Shekhawati Industries Q1 Results- FAQs
1. What was the revenue for Shekhawati Industries in Q1 2024?
The revenue for Shekhawati Industries in Q1 2024 was Rs. 1,354.55 lakhs.
2. How much did Shekhawati Industries report in net profit after tax for Q1 2024?
Shekhawati Industries reported a net profit after tax of Rs. 235.88 lakhs for Q1 2024.
3. When did Shekhawati Industries announce their Q1 2024 results?
Shekhawati Industries announced their Q1 2024 results on 24 July 2024.
4. What was the total comprehensive income for Shekhawati Industries in Q1 2024?
The total comprehensive income for Shekhawati Industries in Q1 2024 was Rs. 240.73 lakhs.
5. How much did Shekhawati Industries' earnings per share (EPS) increase or decrease in Q1 2024?
The earnings per share (EPS) for Shekhawati Industries in Q1 2024 was Rs. 0.07.
6. What was the cost of materials consumed by Shekhawati Industries in Q1 2024?
The cost of materials consumed by Shekhawati Industries in Q1 2024 was Rs. 473.27 lakhs.
7. How much did Shekhawati Industries spend on employee benefits in Q1 2024?
Shekhawati Industries spent Rs. 151.25 lakhs on employee benefits in Q1 2024.
8. What was the amount spent on power and fuel by Shekhawati Industries in Q1 2024?
Shekhawati Industries spent Rs. 428.99 lakhs on power and fuel in Q1 2024.
9. What is the previous name of Shekhawati Industries?
The previous name of Shekhawati Industries was Shekhawati Poly-Yarn.
10. How much did Shekhawati Industries' revenue decrease from Q1 2023 to Q1 2024?
Shekhawati Industries' revenue decreased from Rs. 1,740.97 lakhs in Q1 2023 to Rs. 1,354.55 lakhs in Q1 2024.