Nahar Spinning Mills Q1 Results Live : Nahar Spinning Mills has announced its Q1 results for the fiscal year 2024 on August 12, 2024. The company reported a revenue increase of 9.61% year-on-year (YoY), bringing the total revenue to a notable high. The profit for the quarter stood at ₹6.64 crore. This is a significant turnaround considering the company had declared a loss of ₹17.51 crore in the same period last fiscal year. Compared to the previous quarter, the revenue grew by 0.67%.
The financial results also highlighted an increase in selling, general, and administrative expenses, which rose by 1.47% quarter-on-quarter (QoQ) and increased by 11.23% YoY. Despite these increased expenses, the operating income showed strong growth, up by 70.84% QoQ and an impressive 349.22% YoY.
The Earnings Per Share (EPS) for Q1 was ₹2.11, reflecting a substantial increase of 146% YoY. This indicates a strong earnings performance for Nahar Spinning Mills, which could bode well for future quarters.
In terms of stock performance, Nahar Spinning Mills has seen a mixed bag of returns. The company has delivered a -10.95% return over the last week, a 7.57% return over the last six months, and an 11.42% year-to-date (YTD) return. This showcases a volatile yet positive overall performance in the stock market.
Currently, Nahar Spinning Mills has a market capitalization of ₹1139.66 crore. The stock has seen a 52-week high of ₹384.5 and a 52-week low of ₹225. This indicates a broad range of trading values over the past year, reflecting market sentiment and company performance.
Overall, the Q1 results for Nahar Spinning Mills show a positive trajectory with increased revenues and profits, despite rising expenses. The significant turnaround from a loss position in the previous fiscal year to a profitable stance in this quarter is a noteworthy achievement for the company.
Nahar Spinning Mills Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 820.88 | 815.42 | +0.67% | 748.9 | +9.61% |
| Selling/ General/ Admin Expenses Total | 78.61 | 77.48 | +1.47% | 70.68 | +11.23% |
| Depreciation/ Amortization | 23.51 | 24.07 | -2.34% | 20.22 | +16.26% |
| Total Operating Expense | 793.18 | 799.21 | -0.75% | 760.01 | +4.36% |
| Operating Income | 27.7 | 16.21 | +70.84% | -11.11 | +349.22% |
| Net Income Before Taxes | 8.93 | 0.13 | +6919.97% | -23.11 | +138.65% |
| Net Income | 6.64 | -0.37 | +1880.95% | -17.51 | +137.93% |
| Diluted Normalized EPS | 2.11 | 0.35 | +503.5% | -4.59 | +146% |