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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Significant improvement in profitability for GTN Textiles Ltd. (formerly known as GTN Industries Ltd.). Notable increase of 6.38 % in net profit Year to Year, GTN Textiles Ltd. (formerly known as GTN Industries Ltd.)’s profitability increased by 79.49 % in this quarter.
- EPS over the Year and quarter: EPS increased by 6.36 % Year to Year. EPS increased by 79.17 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Expenses | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Operating Profit | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. -3.29 Cr | Rs. -1.95 Cr | Rs. -3.5 Cr | -79.49 % | -6.38 % |
EPS in Rs | Rs. -2.83 | Rs. -1.68 | Rs. -3.01 | -79.17 % | -6.36 % |
Today, we’re looking at GTN Textiles Ltd. (formerly known as GTN Industries Ltd.)’s financial performance for the Q1(Jun 2024).
Net profit fell by -6.38 % year-on-year but witnessed a -79.49 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -6.36 % but a quarterly fall of -79.17 %. In summary, GTN Textiles Ltd. (formerly known as GTN Industries Ltd.)’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Expenses | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Operating Profit | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Net Profit | Rs. -3.29 Cr | Rs. -1.95 Cr | Rs. -3.5 Cr | -79.49 % | -6.38 % |
EPS in Rs | Rs. -2.83 | Rs. -1.68 | Rs. -3.01 | -79.17 % | -6.36 % |
In reviewing GTN Textiles Ltd. (formerly known as GTN Industries Ltd.)’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.
Net Profit showed yearly decrease of -6.38 %, and experienced a -79.49 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -6.36 % annually, however dipped by -79.17 % compared to the last quarter. In essence, while GTN Textiles Ltd. (formerly known as GTN Industries Ltd.) faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.