Siddheswari Garments Q1 Results, Reports Total Revenue ₹7.07 Lakhs, Net Loss of ₹2.00 Lakhs

Siddheswari Garments Q1 Results 2024-2025: Siddheswari Garments announced their Q1 results on September 14, 2024, showing a slight decrease in revenue. For the quarter ended June 30, 2024, the company reported revenue from operations of ₹7.07 lakhs, which is nearly the same as the ₹7.05 lakhs reported in Q1 of the previous year.

Compared to the last quarter, there is no significant change, indicating a stable performance on a quarter-over-quarter (QoQ) basis. The company's total expenses for the quarter were ₹9.07 lakhs, down from ₹9.64 lakhs in the same quarter last year, reflecting a decrease of approximately 5.92% year-over-year (YoY).

However, despite this reduction in expenses, Siddheswari Garments reported a net loss of ₹2.00 lakhs, which is slightly better than the ₹2.59 lakhs loss reported in Q1 2023.

This improvement in losses on a QoQ basis suggests some progress, although the overall financial performance remains weak. The earnings per share also showed a YoY decrease, with basic and diluted earnings per share both standing at ₹-0.06.

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Siddheswari Garments Q1 Results 2024 - 2025

Siddheswari Garments has released its financial results for the first quarter of the 2024-2025 fiscal year. The following table summarizes the key figures from their unaudited financial results for the period ending June 30, 2024:

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Siddheswari Garments Current Market Overview

Siddheswari Garments is currently trading at ₹17.5 per share, with a market capitalization of ₹5.79 crore. The stock has fluctuated between a high of ₹20.8 and a low of ₹7.38. Despite the high Price-to-Earnings (P/E) ratio of 579, which suggests the stock is highly valued relative to its earnings, the company does not offer dividends.

Its Return on Capital Employed (ROCE) and Return on Equity (ROE) are both very low at 0.04%, indicating limited profitability. The company’s face value per share is ₹10.

Quarterly Results

Here are the quarterly financial results for Siddheswari Garments for the periods ending December 2023, March 2024, and June 2024:

About Siddheswari Garments 

Siddheswari Garments is a public company established in 1994 and listed on the Bombay Stock Exchange and Calcutta Stock Exchange. Initially, the company focused on manufacturing and selling knitted hosiery garments for the domestic market.

However, due to ongoing labor issues at their manufacturing unit, they have been forced to halt production. Currently, Siddheswari Garments operates as a trading company and invests its idle capital to earn returns.

The company is also exploring new project proposals to start fresh ventures within the framework of its original business objectives.

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