Ginni Filaments Reports Robust Q1 Results with Significant Profit Growth
Ginni Filaments Limited announced impressive Q1 financial results. Total income from continuing operations reached ₹10,186.64 crore, more than doubling year-over-year. Net profit surged to ₹1,475.17 crore, a significant increase from both the previous quarter and last year. Basic EPS stood at ₹1.72. However, the company faced losses of ₹73.80 crore from discontinued operations. The Board of Directors approved these results on August 5, which were subsequently published in newspapers and made available on the company's website and stock exchange portals.
05Aug 25
Ginni Filaments Reports 62% Revenue Surge in Q1, Announces Leadership Changes and Strategic Moves
Ginni Filaments Limited reported a 62% increase in Q1 revenue to ₹10,154.49 crore, with net profit from continuing operations rising to ₹1,475.12 crore. The company is closing its Garments Division, resulting in a ₹414.10 crore loss from discontinued operations. Assets from this division are now classified as 'held for sale'. The Board approved re-appointment of Shri Shishir Jaipuria as Managing Director and appointed new Secretarial Auditors. Ginni Filaments is expanding into renewable energy generation for captive consumption.