Sanathan Textiles (SANATHAN) Q4 23/24 earnings summary

Executive summary

• Standalone financial statements for the year ended 31 March 2024 present a true and fair view in accordance with Ind AS and the Companies Act, 2013.

• Audit opinion is unmodified; internal controls are adequate and effective.

• No fraud or material misstatement detected; all statutory dues and compliance requirements met.

Financial highlights

• Revenue from operations for FY24 was ₹295,723 lakhs, down from ₹332,921 lakhs in FY23.

• Net profit for FY24 was ₹14,132 lakhs, compared to ₹15,620 lakhs in FY23.

• Total comprehensive income for FY24 was ₹14,163 lakhs, compared to ₹15,596 lakhs in FY23.

• Basic and diluted EPS for FY24 stood at ₹19.66, down from ₹21.72 in FY23.

• Net cash generated from operating activities was ₹24,891 lakhs in FY24, down from ₹34,239 lakhs in FY23.

Outlook and guidance

• No material uncertainty exists regarding the company's ability to meet liabilities due within one year from the balance sheet date.

• Management expects to recognize remaining contract liabilities as revenue within the next 12 months.