Deepak Spinners Narrows Q1 Net Loss to ₹36, Revenue Slightly Dips
Deepak Spinners Limited reported a reduced net loss of ₹36.00 for Q1, down from ₹56.00 million in the same period last year. Revenue slightly decreased to ₹1.38 billion from ₹1.39 billion. The Board of Directors approved these unaudited financial results on August 11, with the meeting lasting from 4:05 PM to 4:45 PM.
24Jul 25
ICRA Reaffirms Credit Ratings for Deepak Spinners Limited's Rs. 92.10 Crore Bank Facilities
ICRA Limited has reaffirmed credit ratings for Deepak Spinners Limited's bank facilities totaling Rs. 92.10 crore. The long-term rating is maintained at [ICRA]A- with a negative outlook, while the short-term rating remains at [ICRA]A2+. These ratings apply to various facilities provided by State Bank of India, including cash credit, bank guarantees, and export-related instruments. The reaffirmation indicates adequate credit quality and strong capacity for timely payment of short-term debt obligations, despite the negative outlook on long-term facilities.