Siyaram Silk Mills Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 11, 2024 at 10:14 am EDT
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Siyaram Silk Mills Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,477.7 million compared to INR 6,954.3 million a year ago. Revenue was INR 6,541.8 million compared to INR 7,057.7 million a year ago. Net income was INR 690.3 million compared to INR 881.4 million a year ago. Basic earnings per share from continuing operations was INR 14.94 compared to INR 18.81 a year ago.
For the full year, sales was INR 20,920.5 million compared to INR 22,325.1 million a year ago. Revenue was INR 21,296.5 million compared to INR 22,727.7 million a year ago. Net income was INR 1,847.5 million compared to INR 2,509.9 million a year ago. Basic earnings per share from continuing operations was INR 39.99 compared to INR 53.55 a year ago.
Siyaram Silk Mills Limited is an India-based textile company. The Company is engaged in manufacturing, branding and marketing of fabrics, readymade garments and indigo dyed yarn. Its businesses include fabrics, apparel, exports, home furnishing, institutional, yarns, and retail. It offers a range of fabrics, including polyester viscose, polyester viscose blend, polyester viscose lycra, polyester cotton, wool linen, polyester viscose linen, polyester wool, wool lycra and others. It offers indigo products, which include 100% cotton indigo dyed yarn, cotton-poly blended indigo dyed yarn, cotton/lycra indigo dyed yarn, cotton slub yarn indigo dyed yarn, fancy indigo dyed yarn and viscose/excel/tencel indigo dyed yarn. The institutional division of it caters to diverse markets, offering a varied range of garments, including formal wear, casual attire, uniform for office and home furnishing fabrics. Its brands include Miniature, Oxemberg, Royale Linen, Unicode, Cadini and others.
SIYARAM SILK MILLS LIMITED 
