Pioneer Embroideries
37.97
-0.02(-0.05%)
Market Cap₹117.00 Cr
PE Ratio93.95
IndustryTextiles
Company Performance:
1D-0.05%
1M-9.40%
6M-19.18%
1Y-15.45%
5Y+65.45%
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Latest news about Pioneer Embroideries
Pioneer Embroideries Reports Q1 Results: Profit Surge Amid Revenue Decline 6 days ago
Pioneer Embroideries Limited reported a significant increase in net profit for Q1 ending June 30, despite a decline in revenue. Standalone net profit rose to ₹107.78 lakh from ₹21.81 lakh year-over-year, while net sales decreased to ₹8,590.74 lakh from ₹9,588.19 lakh. The profit boost was largely due to exceptional gains of ₹441.80 lakh from asset sales at Naroli. The company moved its manufacturing operations to a new unit at Degoan, Dhule. On a consolidated basis, net profit attributable to owners increased to ₹106.77 lakh from ₹20.50 lakh.