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Suumaya Industries Ltd Q1FY24; 97% fall in Revenue

Established in the year 2011 by founder Mr Mahesh Gala, Suumaya Industries Limited (Formerly known as Suumaya Lifestyle Limited) is a highly creative brand for exquisite fashion and brings you the world’s finest collection of Indo-Western Designer Kurtis.


Financial Results:

  • Suumaya Industries Ltd reported Revenues for Q1FY24 of ₹9.00 Crores down from ₹333.00 Crore year on year, a fall of 97.3%.
  • Total Expenses for Q1FY24 of ₹88.00 Crores down from ₹325.00 Crores year on year, a fall of 72.92%.
  • Consolidated Net Profit of -₹71.00 Crores from ₹7.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is -₹11.37, from ₹1.13 in the same quarter of the previous year.
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