Revenue rises 60% in September quarter as net profit turns positive
AKSHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Akshar Spintex reported unaudited September quarter revenue of Rs 3,569.05 lakh, up 59.7% from Rs 2,234.18 lakh, and net profit of Rs 30.45 lakh versus a Rs 196.82 lakh loss. Half-year revenue rose 35.2% to Rs 6,562.36 lakh, with Rs 90.25 lakh profit against a Rs 320.47 lakh loss. Cash from operations was Rs 767.51 lakh. The reviewer could not check fixed assets and inventories, so gave no opinion. Related-party transactions were Rs 173.11 lakh.
Stronger sales and a return to profit are positive, but profit remains very small and the review limitation may restrict investor confidence.