03 June 2024
Ramaraju surgical cotton mills released its financials for Q4 FY24. the revenue of the company increased by 18.6% year-on-year (y-o-y) from Rs 85 Cr inQ4 FY23 to Rs 101 Cr in Q4 FY24. The operating margins increased by 21% from Q4 FY24 and the net profit of the company increased from Rs -20Cr to Rs -9Cr.
The Y-o-y results show improvement in comparison to the previous quarter, with revenue up by 18.6% and a positive uptick in net income. However, it's important to remain vigilant as net income remains in the negative territory.