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Siyaram Silk Mills Ltd Q2FY24; 25% fall in Profits

Siyaram Silk Mills Ltd is a Textile manufacturing company. It is engaged in manufacturing fabrics and readymade garments, especially in the men’s wear section. The Company exports to countries like Abu Dhabi, Australia, Bahrain, Bangladesh, Cambodia, Canada, etc.

Financial Results:

Siyaram Silk Mills Ltd reported Revenues for Q2FY24 of ₹585.00 Crores down from ₹635.00 Crore year on year, a fall of 7.87%.

Total Expenses for Q2FY24 of ₹516.00 Crores down from ₹536.00 Crores year on year, a fall of 3.73%.

Consolidated Net Profit of ₹61.00 Crores down 24.69% from ₹81.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹13.10, down 23.75% from ₹17.18 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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