Siyaram Silk Mills Ltd

Net profit of Siyaram Silk Mills rose 2.14% to Rs 45.39 crore in the quarter ended December 2024 as against Rs 44.44 crore during the previous quarter ended December 2023. Sales rose 13.38% to Rs 570.73 crore in the quarter ended December 2024 as against Rs 503.37 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales570.73503.37 13 OPM %11.6113.66 - PBDT76.5274.24 3 PBT61.6560.21 2 NP45.3944.44 2 Powered by Capital Market - Live

Siyaram Silk Mills announced that the Board of Directors of the Company at its meeting held on 25 January 2025, has recommended a Second Interim dividend of Rs.3 per share (i.e.150%), subject to the approval of the shareholders.Powered by Capital Market - Live

Siyaram Silk Mills will hold a meeting of the Board of Directors of the Company on 25 January 2025.Powered by Capital Market - Live

The key equity benchmarks continued to extend losses in the morning trade. The Nifty tanked below the 24,300 mark. Metal shares witnessed profit booking after advancing in the past six consecutive trading sessions. At 10:29 IST, the barometer index, the S&P BSE Sensex, declined 956.91 points or 1.18% to 80,333.05. The Nifty 50 index dropped 275.95 points or 1.12% to 24,272.75. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.43% and the S&P BSE Small-Cap index tumbled 1.68%. Sellers outnumbered buyers. On the BSE, 949 shares rose and 2,699 shares fell. A total of 154 shares were unchanged. Buzzing Index: The Nifty Metal index slipped 2.20% to 9,298.30. The index gained 2.89% in the past six consecutive trading sessions. Steel Authority of India (down 4.45%), NMDC (down 4.01%), Tata Steel (down 2.73%), Hindustan Copper (down 2.68%), JSW Steel (down 2.49%), Hindalco Industries (down 2.25%), Welspun Corp (down 1.89%), National Aluminium Company (down 1.88%), Vedanta (down 1.62%) and Jindal Steel & Power (down 1.61%) declined. On the other hand, Adani Enterprises (up 0.44%) edged higher. Stocks in Spotlight: Siyaram Silk Mills surged 9.20% after the company announced the launch of Cadini Italy Perfumes in India under the Cadini Italy brand. Ashok Leyland fell 1.02%. The company announced that it has received an order worth Rs 345.58 crore from the Tamil Nadu State Transport Corporation (TNSTC) for the supply of 1,475 BSVI Diesel Fuel Type Passenger Bus Chassis. G R Infraprojects shed 0.49%. The company received a letter of intent for the establishment of a pooling station near Bijapur (Vijayapura) worth Rs 107.7 crore from PFC Consulting under the transmission scheme for the integration of Bijapur REZ in Karnataka.Powered by Capital Market - Live

The launch event took place at the Taj Mahal Palace, Mumbai, on 12 December 2024. This marks a significant expansion for the brand, bringing its luxury fragrances to the Indian market. The Cadini Italy fragrance collection includes four scents: Leonardo's Secret, Italian Renaissance, Roman Affair, and Sicilian Romance. Each fragrance comes in three sizes: 100ml, 35ml, and 2ml. The perfumes will be available online through Cadini Italy's website and social media channels. Siyaram Silk Mills, a prominent Indian textile company, is renowned for its high-quality fabrics and apparel. The company offers a diverse range of products under popular brands like Siyaram, J. Hampstead, Oxemberg, and Cadini. With a strong distribution network, the company caters to a vast Indian market, providing accessible and stylish products at attractive prices. On a consolidated basis, net profit of Siyaram Silk Mills rose 11.23% to Rs 68.17 crore while net sales rose 3.75% to Rs 607.88 crore in Q2 September 2024 over Q2 September 2023. The Siyaram Silk Mills stock hit a record high of Rs 937.85 today. Powered by Capital Market - Live

Net profit of Siyaram Silk Mills rose 11.23% to Rs 68.17 crore in the quarter ended September 2024 as against Rs 61.29 crore during the previous quarter ended September 2023. Sales rose 3.75% to Rs 607.88 crore in the quarter ended September 2024 as against Rs 585.91 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales607.88585.91 4 OPM %14.6114.99 - PBDT104.5494.26 11 PBT90.5880.56 12 NP68.1761.29 11 Powered by Capital Market - Live

Siyaram Silk Mills announced that the Board of Directors of the Company at its meeting held on 26 October 2024, inter alia, have recommended the first interim dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Siyaram Silk Mills announced the opening of its newest retail outlets in a move to enhance direct customer engagement and provide a seamless shopping experience. These stores will cater specifically to the growing demand for fast fashion and ethnic wear, marking a significant step forward in the company's strategic expansion plans. The new fast fashion outlets will feature the company's latest collections under the brand name, ZECODE, targeting urban shoppers with trendy, affordable apparel, while the ethnic clothing outlets will showcase an extensive range of clothes under the brand name, DEVO, catering to the city's rich cultural heritage and style preferences. These new stores are part of the company's larger strategy to penetrate both Tier I, II, and III cities across India, with a total of 30 new outlets planned by March 2025. This initiative will be backed by an investment of approximately Rs 50 crore, further demonstrating the company's confidence in the growth potential of both the fast fashion and ethnic wear markets.Powered by Capital Market - Live

Siyaram Silk Mills will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live