Sri Vishnu Shankar Mills FY24 Results - Is It Time to Exit for Investors? | Stock Market News
Sri Vishnu Shankar Mills FY24 Results are out, and these numbers will leave you stunned!
The company's revenue has dropped by 18%, falling from ₹310 crore to ₹253 crore. Not only that, but there has also been a significant decline in net income. Last year, the company reported a loss of ₹3 crore, but this year the loss has ballooned to ₹21 crore! Earnings per share (EPS) have also gone negative. In FY23, the EPS was negative ₹21, and now it has worsened to negative ₹144!
Total assets have decreased by 7%, shrinking from ₹348 crore to ₹322 crore.
The bottom line is clear— Sri Vishnu Shankar Mills Pre IPO is not performing well at all. Existing investors may want to consider booking profits, and for better investment opportunities, they can connect with Planify at the numbers provided below.
About Sri Vishnu Shankar Mills Unlisted Shares:
Sri Vishnu Shankar Mill Limited(SVSML) is primarily engaged in the production and sale of cotton yarn in India. The company produces a variety of cotton yarns such as ring yarn, compact yarn, TFO doubled yarn, OE yarn, gassed yarn, and slub yarn. The company is also engaged in the generation of electricity from its windmills after meeting its captive requirements.
The company is part of the Ramco Group of companies, which has diversified business activities such as textiles, cement, cement products, surgical products, software, etc.
The company started its commercial production in the year 1983 with about 7000 spindles of second-hand machines. It is now the most modern plant, with 70032 spindles and 2016 rotors, as well as cutting-edge textile machines, the majority of which are imported.
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