SPL Industries Reports Declining Financial Results, Raises Concerns Over Revenue Sustainability in March 2025

SPL Industries, a microcap player in the Garments & Apparels industry, has recently reported its financial results for the quarter ending March 2025. The results indicate a challenging period for the company, with notable declines across key financial metrics. Net sales for the quarter stood at Rs 30.72 crore, reflecting a significant year-on-year contraction. The profit before tax, adjusted for other income, reported a negative figure of Rs -0.43 crore, marking a substantial decline compared to the previous year. Additionally, profit after tax was recorded at Rs 2.94 crore, also showing a decrease from the same period last year. A noteworthy aspect of SPL Industries' financials is the high proportion of non-operating income, which constituted 111.53% of profit before tax. This indicates a reliance on income from non-business activities, raising concerns about the sustainability of this revenue stream. In light of these results, SPL Industries has experienced an adjustment in its evaluation, with its score reflecting the current financial landscape. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.