Maharaja Shree Umaid Mills has released its FY24 results

04 September 2024

Financial Performance: Maharaja Shree Umaid Mills' performance has been poor this fiscal year. The company's total revenue has remained flat at Rs 462 crores in FY24, a degrowth of 1% from FY23. The net profit has turned negative to Rs -10 crores. EPS has also turned negative to -1.16. Margins have also taken a hit due to weak performance.

The company's total assets has increased from Rs 892 crores in FY23 to Rs 972 crores in FY24 due to a 12 times rise in investments in the balance sheet. The total equity has remained flat at Rs 524 crores in FY24.