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Girnar Spintex Inds. - Quaterly Results

14 Feb 2024 Evaluate
A decent increase of about 71.29% in the turnover to Rs. 219.76 millions was observed for the quarter ended December 2023. The turnover stood at Rs. 128.30 millions during the similar quarter previous year.The Net Loss for the quarter ended December 2023 is Rs. -24.43 millions as compared to Net Loss of Rs. -23.37 millions of corresponding quarter ended December 2022 Operating profit Margin for the quarter ended December 2023 further decreased to -7.15% as compared to -8.87% of corresponding quarter ended December 2022


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202303 202203 % Var
Sales 219.76 128.30 71.29 678.89 486.30 39.60 781.20 1154.60 -32.34
Other Income 0.10 0.05 100.00 0.37 0.09 311.11 2.45 17.48 -85.98
PBIDT -7.15 -8.87 -19.39 -6.37 -10.68 -40.36 -11.53 181.71 -106.35
Interest 12.03 9.66 24.53 35.45 27.56 28.63 38.04 44.01 -13.57
PBDT -19.18 -18.53 3.51 -41.82 -38.24 9.36 -49.57 137.70 -136.00
Depreciation 5.25 4.84 8.47 15.63 14.27 9.53 19.22 17.33 10.91
PBT -24.43 -23.37 4.54 -57.45 -52.51 9.41 -68.79 120.37 -157.15
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -24.43 -23.37 4.54 -57.45 -52.51 9.41 -68.79 120.37 -157.15
Equity 20.58 20.58 0.00 20.59 20.59 0.00 20.59 20.59 0.00
PBIDTM(%) -3.25 -6.91 -52.94 -0.94 -2.20 -57.28 -1.48 15.74 -109.38
Peers
Company Name CMP
Trident 25.19
Filatex India 43.84
Nitin Spinners 401.60
Nahar Spinning Mills 236.70
Sanathan Textiles 424.90
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