Shubham Polyspin Limited, a yarn manufacturer, reported a 37% increase in net profit to ₹26.51 lakhs for Q1 FY24, despite a 16.3% decrease in revenue to ₹1,301.79 lakhs. The company's EPS rose by 37.5% to ₹0.22. Total expenses decreased by 17.2% to ₹1,322.12 lakhs, contributing to improved profitability. The financial results were approved by the Board of Directors on August 14.