Sai Silks (Kalamandir) (KALAMANDIR) Q2 23/24 earnings summary

Executive summary

• Report covers unaudited financial results for the quarter and half year ended September 30, 2023, with statutory auditor's limited review and board approval.

• Equity shares listed on BSE and NSE on September 27, 2023, following a successful IPO.

Financial highlights

• Revenue from operations for Q2 FY24 was ₹3,268.40 million, up from ₹3,046.23 million in Q1 FY24 and ₹3,087.43 million in Q2 FY23.

• Net profit for Q2 FY24 stood at ₹233.61 million, compared to ₹167.88 million in Q1 FY24 and ₹174.51 million in Q2 FY23.

• Total comprehensive income for Q2 FY24 was ₹233.62 million, up from ₹169.28 million in Q1 FY24.

• Basic and diluted EPS for Q2 FY24 was ₹1.92, compared to ₹1.45 in Q1 FY24 and ₹1.40 in Q2 FY23.

Outlook and guidance

• IPO proceeds are earmarked for capital expenditure on new stores and warehouses, working capital, debt repayment, and general corporate purposes.