In the corresponding quarter of the previous financial year, Siyaram Silk Mills posted a net profit of Rs 61.3 crore, the company said in a regulatory filing. The company’s operating income rose 3.7% to Rs 608 crore as against Rs 586 crore in the corresponding period of the previous fiscal year.
At the operating level, EBITDA rises 1.1% to Rs 89 crore in the second quarter of this fiscal year, up from Rs 88 crore in the corresponding period of the previous fiscal year. EBITDA margin stood at 14.6% in the reported quarter compared to 15% in the corresponding period of the previous fiscal year. EBITDA is earnings before interest, taxes, depreciation and amortization.
The company declared the first interim dividend $4 per share on the paid-up shares of $2 each, for the 2024-25 financial year. The interim dividend will be credited from November 14, 2024 to shareholders on the record date, that is, November 6, 2024.
Siyaram Silk Mills has approved a Plan of Arrangement outlining the issuance and allotment of free preference shares to its shareholders. Under the plan, the company will issue preferred shares in two series (Series I and Series II) to existing shareholders.
The results were known after the close of market hours. Shares of Siyaram Silk Mills Ltd ended at ₹534.00, down ₹4.40, or 0.82% on the BSE.
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First published: October 26, 2024 20:38 IS
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