Suryalakshmi Cotton Mills Limited , a prominent textile manufacturer, has announced its financial results for the first quarter, showing a profitable performance despite challenging market conditions.

Financial Highlights

The company reported a total income of Rs 17,910.13 lakhs for Q1, marking a significant increase from Rs 16,020.55 lakhs in the corresponding quarter of the previous year. This represents a year-on-year growth of approximately 11.8%.

Suryalakshmi Cotton Mills posted a net profit after tax of Rs 146.03 lakhs for the quarter, compared to Rs 42.54 lakhs in Q1 of the previous year, showcasing a substantial improvement in profitability. The company's profit before tax stood at Rs 215.40 lakhs, up from Rs 56.33 lakhs in the same period last year.

Key Financial Metrics

The company's earnings per share (EPS) for the quarter stood at Rs 0.78, compared to Rs 0.23 in the corresponding quarter of the previous year, reflecting the improved profitability.

About Suryalakshmi Cotton Mills Limited

Suryalakshmi Cotton Mills Limited is a well-established player in the Indian textile industry. The company, with its registered office in Secunderabad, is known for its diverse range of textile products.

Investors and stakeholders can access the detailed financial results on the company's website www.suryalakshmi.com , as well as on the stock exchange websites www.nseindia.com and www.bseindia.com .

The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings.

Suryalakshmi Cotton Mills Limited , a prominent player in the textile industry, has reported a significant boost in its financial performance for the quarter ended June 30. The company's unaudited financial results, approved by the Board of Directors, reveal a remarkable 243% increase in profit compared to the same period last year.

Financial Highlights

Profit and Revenue

• The company's profit for Q1 stood at Rs 146.03 crore, a substantial rise from Rs 42.54 crore in the same quarter of the previous year.
• Revenue from operations increased to Rs 17,834.56 crore, up from Rs 15,870.30 crore year-over-year, marking a 12.4% growth.
• The total income for the quarter reached Rs 17,910.13 crore, compared to Rs 16,020.55 crore in the corresponding quarter of the previous year.

Key Metrics

Operational Performance

The company's strong financial results can be attributed to improved operational efficiency and market demand. Despite challenges in the global textile market, Suryalakshmi Cotton Mills has managed to capitalize on growth opportunities.

Annual General Meeting Announcement

The company has announced its 62nd Annual General Meeting (AGM) with the following details:

• Date: Tuesday, September 30, at 11:00 AM (IST)
• Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
• Book Closure: From September 23 to September 30 (both days inclusive)

Audit Review

The financial results for the quarter ended June 30 were reviewed by the Audit Committee and approved by the Board of Directors. The company's statutory auditors have issued an unqualified limited review report, affirming the accuracy and compliance of the financial statements.

Investor Implications

The strong financial results and the upcoming AGM are likely to be of interest to investors. The substantial increase in profit and revenue indicates positive momentum for Suryalakshmi Cotton Mills, which could potentially impact investor sentiment and stock performance.

Investors and stakeholders are advised to refer to the detailed financial results available on the company's website for a comprehensive understanding of Suryalakshmi Cotton Mills' financial position and performance.