Reliance Spinning Mills Reports 342.53% Surge in Q1 Net Profit to Rs. 30.48 Crore
Summary
Reliance Spinning Mills Limited reported a 342.53% surge in first-quarter net profit to Rs. 30.48 crore for FY 2083/84, driven by stronger revenue and operating profit. Revenue from operations rose 28.78% while annualized EPS jumped to Rs. 64.18.
Key Points
- Reliance Spinning Mills Limited posted net profit of Rs. 30.48 crore in Q1 FY 2083/84, up 342.53% year-on-year.
- Revenue from operations increased 28.78% to Rs. 3.20 arba, and operating profit rose 139.85% to Rs. 40.57 crore.
- Annualized earnings per share climbed to Rs. 64.18 from Rs. 16.14, while net worth per share reached Rs. 489.53.
- The company’s quarter-end market price stood at Rs. 2,650 per share with a P/E ratio of 41.29 times.
