Siyaram Silk Mills Q4 profit up QoQ

Siyaram Silk Mills financial performance showed improvement sequentially in Q4 FY2024 compared to Q3 FY2024. Total income rose 27.16 per cent to Rs 654.18 crore, and net profit surged 55.33 per cent to Rs 69.03 crore. Earnings per share (EPS) also jumped to Rs 14.94 from Rs 9.62.

However, compared to the same quarter last year (Q4 FY2023), the company's performance fell short. Total income declined 7.31 per cent, and net profit dropped 21.68 per cent. EPS also witnessed a decrease of 20.57 per cent.

Looking at the full year (FY2024), the company's financials reflected a similar trend. Total income reached Rs 2129.65 crore, down 6.30 per cent year-over-year. Net profit came in at Rs 184.75 crore, a decrease of 26.39 per cent compared to FY2023. EPS followed suit, dropping 25.32 per cent to Rs 39.99.