Results - Announcements
Suryalata Spinning Mills Ltd share price headed higher 6.08% to Rs 384.1 after the company's net profit surged by 54.75% to Rs 9.13 crore, while revenue from operations increased sharply by 34.15% to Rs 166.13 crore in Q2FY27 over Q2FY26.
The market capitalization of Other Textile Products industry group stocks on BSE stood at Rs 1.89 lakh crore, expanding by 61.83%. It has improved by 1.97% over last one week and moved up slightly by 5.26% in last one month while the market capitalization of Suryalata Spinning Mills Ltd has marginally improved by 4.27% and 3.75% in the same period respectively.
Profit before tax (PBT) of Suryalata Spinning Mills Ltd stood at Rs 11.92 crore in Q2 FY27, rallying 75.81% year-on-year, and surging by 53.81% quarter-on-quarter. EBITDA came in at Rs 18 crore, jumping 60.58% YoY and expanding by 30.96% sequentially.
Total expenses jumped by 33.35% to Rs 152.86 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 100.59 crore, rising 11.03% YoY, while employee benefits expense was at Rs 10.52 crore, inching up 4.68% YoY.
For FY26, revenue from operations declined slightly by 2.20% to Rs 483.8 crore, while net profit soared by 130.71% to Rs 35.46 crore, compared to previous FY. EBITDA witnessed a strong improvement of 3216% to Rs 35.84 crore, and PBT witnessed a strong rise of 143.52% to Rs 46.05 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 49.08 crore in FY26, as against Rs 26.32 crore in FY25.
Suryalata Spinning Mills Ltd rallied 13.22% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 3.03% during the same period.