Sri Lakshmi Saraswathi Textiles
39.00
-1.00(-2.50%)
Market Cap₹13.30 Cr
PE Ratio-
IndustryTextiles
Company Performance:
1D-2.50%
1M-6.88%
6M-2.50%
1Y-24.86%
5Y+290.00%
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Latest news about Sri Lakshmi Saraswathi Textiles
Sri Lakshmi Saraswathi Textiles Reports Reduced Q1 Loss, Faces Going Concern Challenges 7 days ago
Sri Lakshmi Saraswathi Textiles reported a reduced net loss of ₹3.77 crore in Q1, down from ₹6.19 crore year-on-year. Total income decreased by 4.6% to ₹22.24 crore. The company faces financial challenges with accumulated losses of ₹91.96 crore and negative reserves of ₹71.92 crore. Auditors raised concerns about its going concern status. Outstanding statutory dues include ₹88.35 lakh for Employees' Provident Fund and ₹4.09 lakh for Employees' State Insurance. Despite challenges, management remains optimistic about future profitability.