Categories Earnings, Industrials

Surat Textiles Mills Ltd Q4FY23 results out, revenue grows by more than 100%

Surat Textile Mills Ltd is a textile manufacturing company and is part of the Garden Group. The company manufactures polyester chips, partially oriented yarn, mono-ethylene glycol, Purified terephthalic acid, among other chips contributing 100% of Revenue. 

  • Surat Textiles Mills Ltd reported Total revenue for Q4 FY23 of ₹13 Crore, up from ₹0 Crore year on year depicting a growth of more than 100%.
  • Total Expenses for Q4 FY23 of ₹14 Crore up, from ₹1 Crore year on year, a growth of 1,300%. 
  • Consolidated Net Profit of -(₹1) Crore, down 222% from ₹0.82 Crore in the same quarter of the previous year. 
  • The Earnings per Share is -(₹0.04), down 233% from ₹0.03 in the same quarter of the previous year.

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