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Globe Textiles (I) - Quaterly Results

16 May 2022 Evaluate
The turnover zoomed to Rs. 1249.69 millions, up 58.72% for the March 2022 quarter as against Rs. 787.35 millions during the year-ago period.The Net Profit of the company reported a remarkable increase of 199.36% to Rs. 23.44  millions  from Rs. 7.83 millions in previous same quarter.Operating profit surged to 51.20 millions from the corresponding previous quarter of 42.37 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202203 202103 % Var 202203 202103 % Var 202203 202103 % Var
Sales 1249.69 787.35 58.72 3834.23 2590.93 47.99 3834.23 2590.93 47.99
Other Income 7.41 20.63 -64.08 21.40 45.04 -52.49 21.40 45.04 -52.49
PBIDT 51.20 42.37 20.84 168.87 88.53 90.75 168.87 88.53 90.75
Interest 22.79 18.38 23.99 91.28 62.56 45.91 91.28 62.56 45.91
PBDT 28.41 23.99 18.42 77.59 25.97 198.77 77.59 25.97 198.77
Depreciation 3.07 3.17 -3.15 12.26 12.44 -1.45 12.26 12.44 -1.45
PBT 25.34 20.82 21.71 65.33 13.53 382.85 65.33 13.53 382.85
TAX 1.90 12.99 -85.37 13.97 11.02 26.77 13.97 11.02 26.77
Deferred Tax -3.35 7.64 -143.85 -2.96 5.67 -152.20 -2.96 5.67 -152.20
PAT 23.44 7.83 199.36 51.36 2.51 1946.22 51.36 2.51 1946.22
Equity 302.28 100.76 200.00 302.28 100.76 200.00 302.28 100.76 200.00
PBIDTM(%) 4.10 5.38 -23.87 4.40 3.42 28.90 4.40 3.42 28.90
Peers
Company Name CMP
Vardhman Textiles 556.80
Welspun Living 219.25
Arvind 533.90
Raymond Lifestyle 659.00
K.P.R. Mill 1121.30
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