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Kanani Industries Ltd Q1FY24; 74% fall in Profits

Incorporated in 1983, Kanani Industries Ltd is engaged in the business of manufacture & export of Diamond Studded Jewelry.


Financial Results:

  • Kanani Industries Ltd reported Revenues for Q1FY24 of ₹81.73 Crores down from ₹95.01 Crore year on year, a fall of 13.98%.
  • Total Expenses for Q1FY24 of ₹81.74 Crores down from ₹93.83 Crores year on year, a fall of 12.89%.
  • Consolidated Net Profit of ₹0.32 Crores down 74.4% from ₹1.25 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.03, down 76.92% from ₹0.13 in the same quarter of the previous year.
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