Results - Announcements
Suryalata Spinning Mills Ltd share price ticked higher by 1.54% to Rs 390.0 after the company's net profit surged by 54.75% to Rs 9.13 crore, while revenue from operations gained significantly 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, jumping 61.96%. It has improved by 1.97% over last one week and ticked higher by 5.26% in last one month while the market capitalization of Suryalata Spinning Mills Ltd has inched up 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, expanding by 75.81% year-on-year, and rallying 53.81% quarter-on-quarter. EBITDA came in at Rs 18 crore, surging by 60.58% YoY and expanding by 30.96% sequentially.
Total expenses witnessed a sharp rise of 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, easing 4.68% YoY.
For FY26, revenue from operations softened 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 jumped by 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 16.96% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 3.42% during the same period.