Incorporated as Premier Cotton Spinning Mills Limited in June 1962, the company was renamed as Precot Mills Limited in March 1984. After its merger with Meridian Industries Limited in 2006, the company was named as Precot Meridian Limited. On 15 December 2020, the company’s name was finally changed to Precot Limited.
Financial Results:
Precot Ltd reported Revenues for Q1FY24 of ₹224.22 Crores down from ₹253.47 Crore year on year, a fall of 11.54%.
Total Expenses for Q1FY24 of ₹234.12 Crores down from ₹236.29 Crores year on year, a fall of 0.92%.
Consolidated Net Profit of -₹3.09 Crores from ₹13.95 Crores in the same quarter of the previous year.
The Earnings per Share is -₹2.58, from ₹11.62 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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