Ambika Cotton Mills (AMBIKCO) Q3 24/25 earnings summary

Executive summary

• Unaudited financial results for Q3 and nine months ended 31.12.2024 were reviewed and approved by the Board on 11.02.2025.

• Financial statements have undergone a limited review by statutory auditors, with no material misstatements identified.

Financial highlights

• Revenue from operations for Q3 FY24 was ₹15,626 lakhs, down from ₹20,041 lakhs in Q2 FY24 and ₹19,631 lakhs in Q3 FY23.

• Net profit for Q3 FY24 was ₹1,428 lakhs, compared to ₹1,407 lakhs in Q2 FY24 and ₹1,302 lakhs in Q3 FY23.

• Total income for Q3 FY24 was ₹16,257 lakhs, compared to ₹20,703 lakhs in Q2 FY24 and ₹20,017 lakhs in Q3 FY23.

• Earnings per share (EPS) for Q3 FY24 stood at ₹24.95, up from ₹24.58 in Q2 FY24 and ₹22.74 in Q3 FY23.

• Sales for the quarter were impacted by deferment of shipments at buyers' request.

Outlook and guidance

• A new plant with 6,048 spindles and solar capacity is planned, with an estimated cost of ₹40 crores, to be operational by June 2025 and funded through internal accruals.