APM Industries Reports Net Loss of Rs 62 Lakh in Q1
APM Industries Limited reported a net loss of Rs 62.00 lakh for Q1, an improvement from Rs 98.00 lakh loss in the same quarter last year. Revenue from operations decreased by 2.35% to Rs 7,235.00 lakh. Total expenses rose to Rs 7,339.00 lakh, resulting in a loss before tax of Rs 83.00 lakh. EPS improved to -Rs 0.29 from -Rs 0.45 year-over-year. The Board approved the appointment of M/s. RSM & Co. as Secretarial Auditors for five years, subject to shareholder approval.
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APM Industries Limited , a prominent player in the Indian yarn manufacturing sector, has announced its financial results for the first quarter. The company reported a net loss of Rs 62.00 lakh for the quarter, showing an improvement from the net loss of Rs 98.00 lakh recorded in the same quarter of the previous year.
Financial Performance
The company's revenue from operations witnessed a slight decline, dropping to Rs 7,235.00 lakh from Rs 7,409.00 lakh year-over-year. This represents a decrease of approximately 2.35% in top-line performance.
Expenses and Profitability
Total expenses for the quarter increased to Rs 7,339.00 lakh, contributing to a loss before tax of Rs 83.00 lakh. The rise in expenses, coupled with the decline in revenue, put pressure on the company's profitability during the quarter.
Key Financial Metrics
| Particulars (Rs. in lakh) | Current Quarter | Previous Quarter | % Change |
|---|---|---|---|
| Revenue from Operations | 7,235.00 | 7,409.00 | -2.35% |
| Total Expenses | 7,339.00 | 7,604.00 | -3.48% |
| Loss Before Tax | (83.00) | (135.00) | 38.52% |
| Net Loss | (62.00) | (98.00) | 36.73% |
Per Share Data
The company's earnings per share (EPS) for the quarter stood at negative Rs 0.29, compared to negative Rs 0.45 in the corresponding quarter of the previous year, indicating a slight improvement in per-share performance.
Management Approval
The Board of Directors of APM Industries Limited approved these unaudited financial results at their meeting. The results have been subject to a limited review by the company's statutory auditors, as per regulatory requirements.
About APM Industries Limited
APM Industries Limited is engaged in the manufacturing and selling of yarn in India. The company operates in a single segment, focusing on yarn production and distribution within the domestic market.
Additional Corporate Updates
In a separate announcement, the company informed that its Board of Directors has approved the appointment of M/s. RSM & Co., Company Secretaries, as the Secretarial Auditors of the Company for a period of five consecutive years. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.
Historical Stock Returns for Apm Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.37% | +3.73% | +8.76% | +13.09% | -32.58% | +191.60% |
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