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Revenue and Profitability Trends
Over the past seven financial years, Gem Spinners has reported zero net sales and other operating income, resulting in a total operating income consistently at nil. This absence of revenue generation has directly impacted the company’s profitability metrics. Operating expenses, although minimal, have been incurred primarily in employee costs and other expenses, with employee costs fluctuating slightly between ₹0.10 crore and ₹0.15 crore annually. Manufacturing expenses were notable only in the fiscal year ending March 2019, amounting to ₹2.14 crore.
The company has consistently reported operating losses (PBDIT excluding other income) each year since March 2019, with losses narrowing slightly from ₹2.29 crore in 2019 to approximately ₹0....
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