Bhilwara Technical Textiles Reports Q1 Results, Appoints New Internal Auditor
Bhilwara Technical Textiles Limited (BTTL) announced Q1 financial results with consolidated revenue of Rs. 531.94 lakhs and profit after tax of Rs. 30.53 lakhs. The company reported an EPS of Rs. 0.05. BTTL's Board approved the appointment of M/s. Sarat Jain & Associates as the new Internal Auditor for the financial year. The firm brings over 15 years of experience in various financial services.
*this image is generated using AI for illustrative purposes only.
Bhilwara Technical Textiles Limited (BTTL) has announced its financial results for the first quarter, along with the appointment of a new internal auditor.
Financial Performance
For Q1, BTTL reported:
| Particulars | Standalone (Rs. in lakhs) | Consolidated (Rs. in lakhs) |
|---|---|---|
| Revenue from Operations | 531.94 | 531.94 |
| Total Income | 673.87 | 673.87 |
| Profit Before Tax | 41.90 | 45.11 |
| Profit After Tax | 27.32 | 30.53 |
The company's standalone revenue from operations stood at Rs. 531.94 lakhs, with a total income of Rs. 673.87 lakhs for the quarter. BTTL's standalone profit after tax was Rs. 27.32 lakhs, while the consolidated profit after tax reached Rs. 30.53 lakhs.
Earnings Per Share
The basic and diluted earnings per share (EPS) for the quarter (not annualized) were reported at Rs. 0.05 on both standalone and consolidated basis.
Appointment of Internal Auditor
BTTL's Board of Directors approved the appointment of M/s. Sarat Jain & Associates, Chartered Accountants, as the company's Internal Auditor for the financial year. The firm, established in 2009 and registered with the Institute of Chartered Accountants of India (ICAI), brings over 15 years of experience to the role.
M/s. Sarat Jain & Associates has a strong track record in providing professional services of the highest standard, with expertise in strategy planning, corporate finance, mergers and acquisitions, audits, accounts, and taxation.
Board Meeting Details
The company's Board of Directors met to approve the unaudited financial results for Q1. The meeting, which commenced at 11:00 A.M., also saw the approval of the new internal auditor appointment.
Shekhar Agarwal, Chairman & Managing Director and CEO of Bhilwara Technical Textiles Limited, presided over the board meeting where these decisions were made.
The financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors have conducted a limited review of the results for the quarter and have issued an unqualified limited review report.
Bhilwara Technical Textiles Limited continues to operate in a single business segment, focusing on technical textiles. The company's performance in the first quarter reflects its ongoing efforts in the specialized textile sector.
Historical Stock Returns for Bhilwara Technical Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.08% | +3.90% | +3.77% | -3.28% | -4.88% | +821.29% |
18
