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Morarjee Textiles
6.
16
-0.26
(-4.05%)
Market Cap
₹22.38 Cr
PE Ratio
-0.14
Industry
Textiles
Buy
Sell
Company Performance:
1D
-4.05%
1M
-9.94%
6M
-31.78%
1Y
-8.74%
5Y
-53.86%
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Latest news about Morarjee Textiles
Morarjee Textiles Reports Widening Losses Amid Ongoing Challenges
Oct 30, 2025
Morarjee Textiles Limited reported a significant increase in net losses for the half year ended September 30, 2020. Net loss rose to ₹3,467.00 lakhs from ₹868.00 lakhs in the previous year, a 299.40% increase. Revenue from operations fell by 69.90% to ₹5,551.00 lakhs. The company faced operational challenges due to COVID-19 lockdowns, an invoked export performance bank guarantee, and inability to redeem preference shares. Recent quarterly data shows continued financial strain with Q4 FY2024 net loss at ₹105.60 crore, despite a 46.24% quarter-on-quarter revenue increase to ₹13.60 crore. Management is seeking to improve liquidity and has approached NCLT for preference shares re-issuance.
Morarjee Textiles Holds 28th and 29th Committee of Creditors Meetings Amid Ongoing Insolvency Process
Sep 24, 2025
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