Winsome Textile Industries Limited announced its Q1 FY2024 results with net sales of Rs 20,320.00 lacs, a 0.67% increase year-over-year. Net profit slightly decreased to Rs 686.00 lacs from Rs 688.00 lacs in the previous year. The company's Board of Directors has approved an application for listing on the National Stock Exchange of India (NSE), in addition to its current BSE listing, to enhance market visibility and investor accessibility.
Winsome Textile Industries announced Q4 financial results with revenue increasing 5% to ₹2.10 billion. However, EBITDA decreased to ₹230.00 million from ₹250.00 million, with EBITDA margin contracting to 11.02% from 12.31%. Net profit slightly decreased to ₹69.00 million from ₹70.00 million year-over-year. The results indicate revenue growth amid profitability challenges in the textile sector.