Loyal Textile Mills Q1 results live: Losses rise by 39.1% y/y

Loyal Textile Mills Q1 Results Live: Loyal Textile Mills announced its Q1 results on August 09, 2024. Revenue declined by 31.6% year-on-year and loss increased by 39.1% year-on-year. Compared to the previous quarter, revenue declined by 2.33% and loss increased by 2.17%.

The company reported a 3.19% quarter-on-quarter increase in selling, general and administrative (SG&A) expenses, although these expenses declined by 20.36% year-on-year. This means that while the company managed to reduce some costs over the past year, the last quarter saw an increase in these expenses.

Despite these challenges, operating profit recorded a positive change, growing by 45.01% quarter-on-quarter and showing a growth of 10.5% year-on-year. This improvement in operating profit indicates greater operational efficiency or cost management in the last quarter.

Earnings per share (EPS) for Q1 is ₹-28.37, which means a significant decrease of 39.14% year-on-year. This further highlights the financial difficulties that the company is facing.

Loyal Textile Mills has recorded a return of -2.21% over the past week, a return of -6.23% over the past six months and a year-to-date return of -4.22%, which indicates a downward trend in the stock’s performance.

The current market capitalization of Loyal Textile Mills is ₹311.19 Cr. The company’s 52-week high and low is ₹774.9 and ₹484.2 respectively, which indicates significant volatility in the share price over the past year.

Loyal Textile Mills Finance

Period	Question 1	4th quarter	Quarter-on-quarter growth	Question 1	Year-on-year growth
Total revenue	196.08	200.76	-2.33%	286.68	-31.6%
Sales/General/Administrative Total Costs	33.65	32.61	+3.19%	42.25	-20.36%
Depreciation	8.94	9.3	-3.87%	9.26	-3.46%
Total operating costs	212.79	231.15	-7.94%	305.35	-30.31%
Operating income	-16.71	-30.39	+45.01%	-18.67	+10.5%
Net income before tax	-20.55	-10.24	-100.68%	-17.27	-18.99%
Net income	-13.66	-13.37	-2.17%	-9.82	-39.1%
Diluted Normalized EPS	-28.37	-27.76	-2.2%	-20.39	-39.14%

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