Loyal Textile Mills announced their Q1 results on 9th August 2024. The company reported a 31.6 per cent year-on-year decline in revenue, while losses increased by 39.1 per cent YoY. Compared to the previous quarter, revenue fell by 2.33 per cent, and losses rose by 2.17 per cent.
The company saw a 3.19 per cent increase in Selling, General & Administrative (SG&A) expenses quarter-on-quarter, though these expenses decreased by 20.36 per cent year-on-year. Despite this, operating income improved significantly, rising by 45.01 per cent quarter-on-quarter and 10.5 per cent year-on-year, indicating better operational efficiency or cost management in the recent quarter.
The company currently holds a market capitalization of Rs. 311.19 crore. Its 52-week high and low are Rs. 774.9 and Rs. 484.2 respectively, showing considerable volatility in its stock price over the past year.
