Q4 Results: Pioneer Embroideries' net profit rises around 123%

Pioneer Embroideries has announced quarterly earnings and informed exchanges that its net profit surged 123.01 per cent to Rs 2.52 crore in the fourth quarter of financial year 2024 as against Rs 1.13 crore during the quarter ended March 2023. 

The filing also said that sales were up 27.60 per cent to Rs 94.50 crore in the quarter ended March 2024. In the quarter ended March 2023, the sales of the company was Rs 74.06 crore.

For the full year, the net profit of Pioneer Embroideries declined 56.24 per cent to Rs 3.72 crore in the year ended March 2024 as against Rs 8.50 crore during the previous year ended March 2023. 

Sales rose 13.37 per cent to Rs 334.33 crore in the year ended March 2024 as against Rs 294.89 crore during the previous year ended March 2023.