Turner Industries Ltd Reports Annual Financial Results for FY24; Loss Reported Across Key Metrics
Turner Industries Limited has released its audited financial results for the fiscal year ended March 31, 2024. The company's performance review shows a net loss across various metrics, including profitability and earnings per share (EPS).The company reported total income of ₹0 for both the financial years ending March 31, 2024, and March 31, 2023. Expenditure totaled ₹3.28 in the current year compared to ₹3.80 in the previous fiscal year. The resulting profit or loss before tax stood at (₹3.28) for the year ending March 31, 2024, and (₹3.80) for the year ended March 31, 2023.
The consolidated financial results indicate the following key figures:
| Particulars | Year Ended 31 March 2024 | Year Ended 31 March 2023 |
|---|---|---|
| Total Income (Revenue + Other income) | ₹0 | ₹0 |
| Total Expenditure | ₹3.28 | ₹3.80 |
| Profit / (loss) before tax | (₹3.28) | (₹3.80) |
| Profit / (Loss) for the year | (₹3.28) | (₹2.43) |
Balance Sheet and Equity Position
As per the balance sheet data, the company maintains a Share Capital of 401.31. Reserves, excluding Revaluation Reserves, were recorded at (₹383.00) in both the current and previous financial years.The Earnings Per Share (EPS), calculated on a basic and diluted basis after tax, was (₹0.68) for the year ended March 31, 2024, compared to (₹0.06) for the corresponding period in the prior fiscal year.
Operational Cash Flow Summary
The company's cash flow statement reported that Net Profit before Tax, interest and extraordinary items was (₹3.28) for the current financial year, which translated to an Operating Profit or Loss before working capital changes of (₹3.28).Cash movements summarized as follows:
| Cash Flow Component | Value |
|---|---|
| Net Increase / (Decrease) in Cash and cash equivalents | (0.02) |
| Cash and Cash equivalents (Opening Balance) | 0.90 |
| Cash and Cash equivalents (Closing Balance) | 0.88 |
Stock Price Movement
Laser Diamonds Ltd settled at ₹0.69 on Monday, ticking up 4.55% in trade. The stock was completely locked throughout the session, with its intraday range spanning only ₹0.69.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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