Morarjee Textiles Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Latest quarter shows a decrease in net loss to ₹28.14 crore from ₹36.89 crore, indicating improving profitability.
Revenue stabilization seen in Q2 FY24 with a slight recovery to ₹9.07 crore after a drastic drop to ₹0.
Operational efficiency improved as expenses reduced significantly, leading to better profit margins compared to previous quarters.

NEGATIVES

Revenue fell sharply to ₹0 in Q3 FY24, indicating severe operational challenges.
Net profit remains negative, though the reduction in loss is marginal, suggesting persistent financial strain.
High expenses persist, with total expenses exceeding revenue by a substantial margin, limiting growth potential.

Field	Mar 22	Jun 22	Sep 22	Dec 22	Mar 23	Jun 23	Sep 23	Dec 23
Revenue	79.83	44.51	51.99	59.12	51.25	10.54	0	9.07
Expenses	103.58	85.30	90.90	98.12	86.31	46.72	21.75	39.97
Operating Profit	-23.75	-40.79	-38.91	-39	-35.06	-36.18	-21.75	-30.90
Other Income	0.06	0.31	0.34	0.38	0.27	8.63	0.24	0.25
Interest	19.81	20.10	20.61	22.28	16.61	20.70	22.23	19.87
Depreciation	5.65	5.66	5.64	5.67	5.36	5.44	5.33	5.33
Profit Before Tax	-23.70	-40.49	-38.57	-38.63	-67.54	-36.89	-27.96	-30.66
Tax	0	0	0	0	0.05	0	0.18	0
Net Profit	-23.70	-40.49	-38.57	-38.63	-67.59	-36.89	-28.14	-30.66
Eps in Rs	-6.52	-11.14	-10.62	-10.63	-18.60	-10.15	-7.75	-8.44