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Salona Cotspin Ltd Q1FY24; 68% fall in Profits

Salona Cotspin Ltd is engaged in the manufacturing and selling of Cotton Yarn, Knitted Fabrics and Garments. The company caters to both domestic and international markets.

Financial Results:

Salona Cotspin Ltd reported Revenues for Q1FY24 of ₹140.56 Crores down from ₹155.17 Crore year on year, a fall of 9.42%.

Total Expenses for Q1FY24 of ₹138.35 Crores down from ₹147.31 Crores year on year, a fall of 6.08%.

Consolidated Net Profit of ₹2.06 Crores down 67.56% from ₹6.35 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.91, down 67.61% from ₹12.07 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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