Sri Kannapiran Mills Limited has released its FY24 results

Financial Performance: The company's performance has been flat in FY24. The company's revenue has seen a degrowth of 5% to Rs 481 crores in FY24 from Rs 507 crores in FY23. The net profit has turned negative in FY24 owing to weak performance. EPS has also taken a major hit. 

The company's total assets has increased by 6% to Rs 377 crores in FY24 from Rs 353 crores in FY23. The total equity has decreased to Rs 114 crores in FY24 from Rs 120 crores in FY23.