Siyaram Silk Mills Reports 26.7% Revenue Growth in Q1
Siyaram Silk Mills Limited announced Q1 financial results with standalone revenue increasing 26.7% to ₹388.50 crore. However, profit declined 61.7% to ₹4.60 crore. Consolidated results showed similar trends with revenue up 27.0% but profit down 59.7%. The company faced cost pressures and inventory changes. Management is focusing on cost optimization to address profitability challenges while maintaining revenue growth.
Siyaram Silk Mills released Q4 results showing significant growth. Net profit increased 4.35% to ₹720.00 million, while revenue rose 14.37% to ₹7.40 billion. EBITDA grew 10% to ₹1.10 billion, though EBITDA margin slightly decreased to 14.86%. The company announced a dividend of ₹5.00 per share.