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Akshar Spintex Ltd Q1FY24; 17% fall in Profits

Akshar Spintex Limited is engaged in the business of manufacturing and trading of spun cotton yarn.

Financial Results:

Akshar Spintex Ltd reported Revenues for Q1FY24 of ₹38.45 Crores down from ₹48.33 Crore year on year, a fall of 20.44%.

Total Expenses for Q1FY24 of ₹38.06 Crores down from ₹47.61 Crores year on year, a fall of 20.06%.

Consolidated Net Profit of ₹0.90 Crores down 16.67% from ₹1.08 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.04, from ₹0.04 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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