Sri Ramakrishna Mills Reports Net Loss of Rs 72.12 Lakh in Q1 Amid Revenue Decline
Sri Ramakrishna Mills (Coimbatore) Ltd reported a net loss of Rs 72.12 lakh in Q1, down from a net profit of Rs 3.65 crore in the same quarter last year. Revenue from operations decreased by 23.5% to Rs 16.47 crore. The textile segment saw a 33.5% revenue decline to Rs 10.98 crore and reported a loss of Rs 18.63 lakh. The real estate segment showed improvement with a 4.3% revenue increase to Rs 5.49 crore and a significant profit rise to Rs 734.20 lakh. EBITDA turned negative at Rs 1.86 crore, and EPS decreased to Rs -0.40.