Reliance Spinning Mills’ Revenue From Operation Increased To 10.46 Arba; Net Profit Stands Rs 39.90 Crore

Reliance Spinning Mills Limited (RSML) has reported a net profit of Rs. 39.90 Crore in the fourth quarter of fiscal year 2082/83, marking a 16.14% decline from Rs. 47.58 Crore recorded in the corresponding quarter of the previous fiscal year.

Despite the decline in profitability, the company’s revenue from operations increased by 2.17% to Rs. 10.46 Arba from Rs. 10.24 Arba a year earlier.

The company’s operating profit declined by 28.65% to Rs. 74.01 Crore from Rs. 103.72 Crore in the previous year. Meanwhile, the cost of sales increased by 3.73% to Rs. 9.07 Arba.

Other income also fell sharply by 48.96% to Rs. 2.66 Crore from Rs. 5.22 Crore. At the same time, administrative expenses increased by 41.62% to Rs. 45.54 Crore.

Reliance Spinning Mills’ paid-up capital increased by 11.28% to Rs. 1.90 Arba, while other equity rose by 31.58% to Rs. 7.66 Arba.

The company’s property, plant and equipment stood at Rs. 9.28 Arba, down 3.67% from Rs. 9.64 Arba a year earlier. Trade receivables, however, increased by 2.94% to Rs. 1.47 Arba.

The company’s earnings per share (EPS) declined to Rs. 21.00 from Rs. 27.87, representing a 24.64% decrease.

In contrast, net worth per share improved by 14.10% to Rs. 503.32 from Rs. 441.11.

At the end of the quarter, Reliance Spinning Mills’ shares were trading at Rs. 2,970, with a price-to-earnings (P/E) ratio of 141.42 times.

Report:

Major Financial Highlights:

Particulars (Rs in 000) Reliance Spinning Mills Limited
Q4 2082/83 Q4 2081/80 Difference
Paid Up Capital             1,900,000          1,707,340 11.28%
Other Equity              7,663,097          5,823,860 31.58%
Property, Plant and Equipment             9,284,769          9,638,833 -3.67%
Trade Receivables             1,465,363          1,423,457 2.94%
Revenue from Operation           10,459,676        10,237,849 2.17%
Operating Profit                 740,067          1,037,169 -28.65%
Cost of Sales           (9,074,436)        (8,748,464) 3.73%
Other Income                   26,648                52,213 -48.96%
Administration Expenses               (455,395)            (321,559) 41.62%
Net Profit                 399,030              475,812 -16.14%
EPS (In Rs.) 21.00 27.87 -24.64%
Net Worth per Share (In Rs.) 503.32 441.11 14.10%
Qtr End P/E Ratio 141.42   -  0.00%
Qtr End Price 2970 - 0.00%