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Axita Cotton - Quaterly Results

14 Nov 2022 Evaluate
A decrease of about -61.18% in the sales to Rs. 916.42 millions was observed for the quarter ended September 2022. The sales stood at Rs. 2360.75 millions during the similar quarter previous year.The company has announced a 45.37% increase in its profits to Rs . 22.91  millions for the  quarter ended September 2022 compared to Rs. 15.76 millions in the corresponding quarter in the previous year.The company reported a good operating profit of 36.30 millions compared to 24.60 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202209 202109 % Var 202209 202109 % Var 202203 202103 % Var
Sales 916.42 2360.75 -61.18 2962.75 3632.41 -18.44 8228.23 6187.93 32.97
Other Income 3.05 7.56 -59.66 12.92 23.32 -44.60 67.54 1.48 4463.51
PBIDT 36.30 24.60 47.56 99.01 58.32 69.77 216.22 91.74 135.69
Interest 1.15 1.90 -39.47 2.87 9.08 -68.39 16.81 32.91 -48.92
PBDT 35.15 22.70 54.85 96.14 49.24 95.25 199.41 58.83 238.96
Depreciation 3.03 1.20 152.50 4.11 2.24 83.48 4.96 4.42 12.22
PBT 32.12 21.50 49.40 92.03 47.00 95.81 194.45 54.41 257.38
TAX 9.21 5.74 60.45 24.60 10.07 144.29 49.07 17.07 187.46
Deferred Tax 0.12 2.55 -95.29 -2.21 0.40 -652.50 -2.25 3.02 -174.50
PAT 22.91 15.76 45.37 67.43 36.93 82.59 145.38 37.34 289.34
Equity 196.56 131.04 50.00 196.56 131.04 50.00 196.56 131.04 50.00
PBIDTM(%) 3.96 1.04 280.14 3.34 1.61 108.15 2.63 1.48 77.24
Peers
Company Name CMP
Vardhman Textiles 520.65
Welspun Living 226.05
Arvind 513.40
Raymond Lifestyle 574.90
K.P.R. Mill 1087.30
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