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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 vaulted to 199.36% to Rs. 23.44  millions from Rs. 7.83 millions in the previous quarter.Operating profit for the quarter ended March 2022 rose to 51.20 millions as compared to 42.37 millions of corresponding quarter ended March 2021.


(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 217.85
Arvind 533.90
Raymond Lifestyle 659.00
K.P.R. Mill 1121.30
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