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Lagnam Spintex reports Profit after tax of Rs 61.72 Mln, in the September 2021 quarter

16 Oct 2021 Evaluate
The turnover zoomed to Rs. 813.39 millions, up 62.83% for the September 2021 quarter as against Rs. 499.52 millions during the year-ago period.The Total revenue for the quarter ended September 2021 of  Rs. 61.72  millions  grew by 437.16% from Rs. 11.49 millions.Operating profit surged to 128.83 millions from the corresponding previous quarter of 44.34 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202109 202009 % Var 202109 202009 % Var 202103 202003 % Var
Sales 813.39 499.52 62.83 1560.55 695.90 124.25 2057.07 1767.77 16.37
Other Income 0.76 0.99 -23.23 0.76 0.99 -23.23 0.00 0.00 0.00
PBIDT 128.83 44.34 190.55 259.40 17.91 1348.35 261.64 158.45 65.12
Interest 25.17 27.21 -7.50 52.69 56.00 -5.91 116.44 93.06 25.12
PBDT 103.66 17.13 505.14 206.71 -38.09 -642.69 145.20 65.39 122.05
Depreciation 18.86 18.99 -0.68 37.72 37.88 -0.42 75.19 59.38 26.63
PBT 84.80 -1.86 -4659.14 168.99 -75.97 -322.44 70.01 6.01 1064.89
TAX 23.08 -13.35 -272.88 46.11 -13.35 -445.39 24.74 -5.22 -573.95
Deferred Tax 23.08 -13.35 -272.88 46.11 -13.35 -445.39 24.74 -5.22 -573.95
PAT 61.72 11.49 437.16 122.88 -62.62 -296.23 45.27 11.23 303.12
Equity 176.69 176.69 0.00 176.69 176.69 0.00 176.69 176.69 0.00
PBIDTM(%) 15.84 8.88 78.43 16.62 2.57 545.88 12.72 8.96 41.90
Peers
Company Name CMP
Vardhman Textiles 533.95
Welspun Living 251.90
Arvind 503.30
Raymond Lifestyle 540.25
K.P.R. Mill 1190.50
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