Aditya Spinners Reports Widened Q1 Loss of ₹96.31 Crore Amid Rising Expenses
Aditya Spinners Limited reported a net loss of ₹96.31 crore in Q1, a 364% increase from the previous year's ₹20.75 crore loss. Revenue rose 17% to ₹1,631.06 crore, but total expenses of ₹1,743.71 crore outpaced revenue growth. The company's EPS declined to -₹0.58 from -₹0.12 year-over-year. The Board of Directors approved these unaudited results on August 7, following a review by the Audit Committee and limited review by statutory auditors.