Santosh Fine Fab Reports 24.3% Revenue Growth, Narrows Losses in Q1
Santosh Fine Fab Limited, a Mumbai-based textile manufacturer, has reported improved Q1 financial results. The company's total income from operations increased by 24.3% year-over-year to Rs 4.20 crores. Net loss narrowed significantly from Rs 18.25 lakhs to Rs 4.87 lakhs, a 73.3% improvement. The net profit margin, while still negative, improved from -5.40% to -1.16%. The company's equity share capital remains at Rs 352.46 lakhs, with a net paid-up capital of Rs 343.32 lakhs. Earnings per share improved from Rs (0.52) to Rs (0.14).

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Santosh Fine Fab Limited , a Mumbai-based textile manufacturing company, has reported a significant improvement in its financial performance for the first quarter. The company's unaudited financial results show a robust revenue growth and a substantial reduction in losses.
Revenue Growth
The company's total income from operations for the quarter stood at Rs 4.20 crores, marking a 24.3% year-over-year increase from Rs 3.38 crores in the same quarter of the previous year. This growth in revenue is attributed to a recovery in textile demand, indicating a positive trend in the industry.
Narrowing Losses
Santosh Fine Fab has made significant progress in reducing its losses. The net loss for the quarter narrowed to Rs 4.87 lakhs, compared to a loss of Rs 18.25 lakhs in the corresponding quarter of the previous year. This represents a substantial improvement of 73.3% in the company's bottom line.
Financial Highlights
Particulars | Current Quarter (Rs in lakhs) | Previous Year Quarter (Rs in lakhs) | YoY Change |
---|---|---|---|
Total Income from Operations | 420.24 | 338.14 | +24.3% |
Net Loss | (4.87) | (18.25) | -73.3% |
Net Profit Margin | -1.16% | -5.40% | +424 bps |
The company's net profit margin, although still negative, has improved significantly from -5.40% to -1.16%, indicating enhanced operational efficiency.
Capital Structure
Santosh Fine Fab's equity share capital remains unchanged at Rs 352.46 lakhs, with a net paid-up capital of Rs 343.32 lakhs after accounting for calls in arrears on 305,400 shares.
Earnings Per Share
The basic and diluted earnings per share (EPS) for the quarter stood at Rs (0.14), showing an improvement from Rs (0.52) in the same quarter of the previous year.
While the company has not provided specific operational metrics or forward-looking guidance, the significant improvement in financial performance suggests that Santosh Fine Fab is on a path to recovery. The management's efforts in improving operational efficiency and capitalizing on the recovering textile demand appear to be yielding positive results.