Surbhi Industries Reports Profit Turnaround in Q1
Surbhi Industries Limited, a textile manufacturer, has reported a remarkable turnaround in its Q1 financial performance. The company's revenue from operations increased by 31% year-over-year to ₹818.34 lakh. Surbhi Industries posted a profit of ₹48.04 lakh, compared to a loss of ₹33.72 lakh in the same quarter last year. Total income rose by 29.9% to ₹859.31 lakh. The company's Earnings Per Share (EPS) improved to ₹1.40 from -₹0.98. These unaudited results were approved by the Board of Directors on July 31 and reviewed by the Audit Committee.
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Surbhi Industries Limited , a textile manufacturing company, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on July 31, show a marked improvement in both revenue and profitability.
Financial Highlights
| Metric | Q1 Current Year | Q1 Previous Year |
|---|---|---|
| Profit | ₹48.04 lakh | Loss of ₹33.72 lakh |
| Revenue from Operations | ₹818.34 lakh | ₹624.52 lakh |
| Total Income | ₹859.31 lakh | ₹661.65 lakh |
| Earnings Per Share (EPS) | ₹1.40 | -₹0.98 |
Performance Analysis
Surbhi Industries has demonstrated a robust recovery in its financial performance. The company's revenue from operations saw a significant increase of 31% year-over-year, rising from ₹624.52 lakh to ₹818.34 lakh. This growth in revenue contributed to the company's ability to turn its previous year's loss into a profit.
The total income for the quarter stood at ₹859.31 lakh, marking a 29.9% increase from the ₹661.65 lakh reported in the same quarter of the previous year. This growth indicates a strong improvement in the company's overall business activities.
Profitability Improvement
The most notable aspect of Surbhi Industries' Q1 results is the shift from a loss to a profit. The company reported a profit of ₹48.04 lakh for the quarter, compared to a loss of ₹33.72 lakh in the corresponding quarter of the previous year. This turnaround reflects positively on the company's operational efficiency and cost management strategies.
Earnings Per Share
The Basic Earnings Per Share (EPS) for the quarter improved significantly to ₹1.40, up from -₹0.98 in the same quarter of the previous year. This improvement in EPS is a direct result of the company's return to profitability.
Management Approval and Audit Review
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 31. The results have also been subject to a limited review by the company's statutory auditors.
Conclusion
Surbhi Industries Limited's Q1 results demonstrate a strong recovery and improved financial health. The company's ability to increase revenue and turn a profit suggests effective management strategies and potentially improved market conditions in the textile sector. Investors and stakeholders will likely be watching closely to see if this positive trend continues in the coming quarters.
Note: All financial figures are based on the unaudited results for the quarter ended June 30, as reported by the company.
Historical Stock Returns for Surbhi Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | -100.00% | -100.00% | -100.00% | -100.00% |
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