Maris Spinners Reports Net Loss of Rs 45.34 Lakh in Q1
Maris Spinners Limited reported a net loss of Rs 45.34 lakh for Q1, improving from Rs 68.03 lakh loss in the same quarter last year. Revenue decreased 6.9% year-over-year to Rs 3,996.84 lakh. The company's EPS improved to Rs -0.57 from Rs -0.86. Equity share capital remained stable at Rs 792.48 lakh. The textile manufacturer's performance reflects ongoing industry challenges, including fluctuating raw material prices and global economic uncertainties.
01Aug 25
Maris Spinners Reports Q2 Loss, Appoints Three New Directors
Maris Spinners Limited reported a net loss of Rs 45.34 lakh for Q1 FY2023-24, compared to a profit of Rs 131.42 lakh in the same quarter last year. Revenue from operations declined by 8.02% to Rs 3,809.52 lakh. The company appointed three new directors: Mr. R Thangamariappan and Mr. R S Ganappathi as Whole-time Directors (Technical), and Mrs. V Sumathi as an Independent Director, all effective from August 1 for a 5-year term, subject to shareholder approval.