S P Apparels consolidated net profit rises 6.78% in the March 2025 quarter
Sales rise 35.27% to Rs 399.21 crore
Net profit of S P Apparels rose 6.78% to Rs 30.41 crore in the quarter ended March 2025 as against Rs 28.48 crore during the previous quarter ended March 2024. Sales rose 35.27% to Rs 399.21 crore in the quarter ended March 2025 as against Rs 295.13 crore during the previous quarter ended March 2024.
For the full year,net profit rose 6.10% to Rs 95.15 crore in the year ended March 2025 as against Rs 89.68 crore during the previous year ended March 2024. Sales rose 28.30% to Rs 1395.13 crore in the year ended March 2025 as against Rs 1087.36 crore during the previous year ended March 2024.
Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 399.21295.13 35 1395.131087.36 28 OPM % 13.5913.82 - 13.4614.51 - PBDT 48.7839.32 24 166.52155.39 7 PBT 37.4629.83 26 123.22117.64 5 NP 30.4128.48 7 95.1589.68 6
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
35 minutes ago
- Indian Express
Copper wire, tube imports hit multi-year highs in FY25; cathode shipments fell 34% year-on-year
India's copper cathode imports declined 34 per cent year-on-year in 2024-25 (FY25), largely due to a three-month supply disruption triggered by a quality control order (QCO), even as imports of downstream products such as wire, tubes, and sheets surged to multi-year highs. While copper cathode imports dropped sharply, imports of key downstream copper products climbed in FY25 — wire rose 17 per cent y-o-y, tubes and pipes 30 per cent, and plates, sheets, and strips 49 per cent. In India, copper is classified as a critical mineral given limited domestic production and high demand in conventional and emerging technologies—from air conditioners and transformers to electric vehicle (EV) batteries and wind turbines. It is also seen as a bellwether of economic activity owing to its extensive application across sectors. From an average of 27,000 tonnes each month between April and November 2024, copper cathode imports fell to around 2,000 tonnes per month between December and February, after the QCO went into effect from December 1. Then, in March 2025, imports recovered slightly to 16,000 tonnes, official trade data showed. India relies on imports for about 30 per cent of its copper cathode demand, a key raw material for wire, tubes, and sheets. The Adani Group's new Gujarat smelter, scheduled to reach peak capacity this financial year, is expected to make the country self-sufficient for the near-term. Cathode imports recover as three-month QCO disruption eases In FY25, India imported 2.39 lakh tonnes (Rs 19,134 crore) of copper cathode, 34 per cent less than 3.63 lakh tonnes (Rs 24,552 crore) in the previous financial year. Amid sharp drop in imports between December to February, two metals trade associations filed a petition against the Union Mines Ministry, which issued the QCO, alleging that the quality norms have caused 'acute shortages' in supply. The petition added that domestic producers could 'charge exorbitant and irrational rates' as imports decline. The case will be heard by the Bombay High Court on June 27. However, a rebound in copper cathode imports in March to around 16,200 tonnes indicates that supply constraints are easing. Official sources told The Indian Express that no shortage was recorded on account of the QCO, and that the Mines Ministry has filed its response to the petition in court. The steep drop in imports stemmed from compliance issues among exporters, especially Japanese suppliers who dominate India's copper cathode imports. The QCO mandates that both domestic producers and foreign suppliers obtain the Bureau of Indian Standards (BIS) certification to sell copper cathode in India. Most Japanese producers received certification only after the QCO took effect, and some continued to face minor challenges in ensuring compliance post-certification. 'Roughly 50 per cent of copper cathode demand is in the winding wires segment, which has faced no issue in availability post-December. There has been no impact on downstream sectors,' sources said. Delays in BIS certification were caused by Japanese smelters taking over six months to apply, despite ample time and extensions, they added. Copper wire, tube, sheet imports surge in FY25 Downstream copper imports climbed to multi-year highs in FY25, defying the slump in cathode shipments. Copper wire imports—primarily from the UAE—rose 17 per cent from 1.31 lakh tonnes in FY24 to 1.54 lakh tonnes in FY25, with their value jumping 29 per cent to Rs 12,653 crore. Widely used in electrical wiring, motors, and transformers for its high conductivity and durability, copper wire imports in FY25 hit a five-year high, though still below the over 2 lakh tonnes imported in FY19 and FY20. Similarly, copper tubes and pipes imports—primarily from Vietnam—jumped 30 per cent to 1.14 lakh tonnes, the highest since FY18, valued at Rs 10,157 crore. Copper tubes and pipes are used in air conditioning, refrigeration, and heat exchangers. Copper plates, sheets and strips imports—used in electrical busbars and transformers—surged 49 per cent to around 30,000 tonnes, valued at Rs 2,725 crore. Imports of copper products rose despite the Department for Promotion of Industry and Internal Trade (DPIIT) enforcing a QCO on these items from October 19, 2024, initially for large and medium enterprises. Growth persisted due to potential stocking-up before enforcement, longer timelines for small (January 2025) and micro (April 2025) units, exemptions for certain tubes and export-use products, and timely grant of BIS certification to some foreign manufacturers. Domestic cathode output rises, new smelters coming online Domestic copper cathode production rose 12.6 per cent to 5.73 lakh tonnes in FY25, driven primarily by Hindalco Industries Ltd, which holds a 70 per cent market share and has a capacity of 5 lakh tonnes. Production last year surpassed the previous peak of 5.55 lakh tonnes recorded in FY23. Vedanta's Sterlite Copper, with a smaller capacity of 2.16 lakh tonnes, contributed 26 per cent of cathode in FY25. Notably, India remained self-sufficient in copper cathode until 2018, when Vedanta's Tuticorin plant was shut down over environmental violations. Adani's Kutch Copper Ltd produced 22,000 tonnes (4 per cent share) in its first year, with a smelter capacity matching Hindalco's at 5 lakh tonnes. Production is expected to ramp up to full capacity by October, with sources stating, 'Once the Adani plant is fully operational, India's entire cathode demand will be met internally.' Additionally, the JSW Group plans to establish a 5 lakh-tonne copper smelter in Odisha by 2028-29. With India's per capita copper consumption still at 0.6 kg—well below the global average of 3 kg—demand is set to surge. To meet this, India's smelting capacity must expand as global supplies tighten. Product Quantity (in lakh tonnes) Growth (in %) 2024-25 value (in Rs crore) 2023-24 2024-25 Copper cathode 3.63 2.39 -34 19,134 Copper wire 1.31 1.54 17 12,653 Copper tubes and pipes 0.88 1.14 30 10,157 Source: Department of Commerce Trade Data Aggam Walia is a Correspondent at The Indian Express, reporting on power, renewables, and mining. His work unpacks intricate ties between corporations, government, and policy, often relying on documents sourced via the RTI Act. Off the beat, he enjoys running through Delhi's parks and forests, walking to places, and cooking pasta. ... Read More
India Today
an hour ago
- India Today
Must discontinue Rs 500 notes: Chandrababu Naidu's mantra to end corruption
Andhra Pradesh Chief Minister N Chandrababu Naidu said that he believes that big currency notes should be discontinued to eradicate an exclusive interview with India Today TV's Consulting Editor Rajdeep Sardesai, Naidu said that "all big currencies should be abolished."According to Naidu, even Rs 500 notes should be discontinued. "Only currency notes under Rs 100 and Rs 200 should be there. Not even Rs 500 notes should be continued," Naidu big currencies should be abolished. Only then can we eradicate corruption," he November 2016, the Indian government, led by PM Modi, banned old Rs 500 and Rs 1000 notes. The demonitisation aimed at fighting prevalent black money and corruption. Must Watch
India.com
an hour ago
- India.com
Mukesh Ambani hits JACKPOT, earns Rs 307863800000 in just 5 days due to..., net worth surges to Rs...
Mukesh Ambani (File) In a major boost for billionaire Mukesh Ambani, Asia's richest man, his Reliance Industries emerged as the biggest gainer in the stock market last week, adding a staggering Rs 30,786.38 crore to its market cap, which now stands at Rs 19,53,480.09 crore. As per market data, nine of India's top-10 most valued firms added a combined Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank emerging as show-stealers with maximum gain, in line with an optimistic trend in equities. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers, while Tata Group's Tata Consultancy Services (TCS) — India's largest IT services exporter– was the only laggard among the top-10 firms. 9 of top-10 firms witness mcap surge, TCS only laggard The market capitalisation (mcap) of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, while HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore, Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore, while the valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore, and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore. Narayana Murthy-led Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore, and the market cap of State Bank of India (SBI) went up Rs 401.61 crore to Rs 7,25,437.74 crore. However, TCS emerged as the only laggard among the top-10 firms, losing Rs 28,510.53 crore of its valuation, which currently stands at Rs 12,24,975.89 crore. Mukesh Ambani-led Reliance Industries retained the coveted title of India's the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever. Mukesh Ambani net worth Meanwhile, owing to the stellar performance of Reliance Industries at the stock market, the net worth of Mukesh Ambani, who leads the oil-to-telecom conglomerate as its Chairman, surged to $109.2 billion as of June 8, 2025, according to Forbes Real Time Billionaires List. Mukesh Ambani is the richest man in India and all of Asia, and 16th wealthiest globally, as per Forbes. (With PTI inputs)
