Q1 FY27 results: loss narrows to Rs 15 lakhs on cost cuts
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On the reaction day the stock moved 6.6 pts more than Nifty Microcap 250 and 6.4 pts more than 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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Sri Nachammai Cotton Mills posted Q1 FY27 revenue of Rs 12.94 crores, down 7 percent YoY from Rs 14.01 crores. Net loss narrowed sharply to Rs 14.75 lakhs versus a loss of Rs 132 lakhs before one-time income of Rs 6.59 crores from preference share modification in the prior year quarter. Power and fuel costs fell 40 percent YoY to Rs 86 lakhs thanks to solar plant usage. Firm runs only one of three units due to weak yarn demand.
Improving cost efficiency and narrowed losses signal turnaround, though weak yarn demand and revenue decline persist.