Minaxi Textiles Ltd — Updates, 21-05-2025: Company Update

Minaxi Textiles Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income from operations of Rs. 619.43 lakh for the quarter, up from Rs. 592.2 lakh in the previous year. It posted a net profit of Rs. 71.02 lakh after tax, a significant turnaround from a loss of Rs. 44.54 lakh in the corresponding quarter. Earnings per share improved to Rs. 0.14 (face value Rs. 1). Despite cash losses in recent years, the company has restructured debt and expects operational cash flows to support future obligations, maintaining a going concern status.