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Axita Cotton - Quaterly Results

28 Apr 2023 Evaluate
The sales for the March 2023 quarter moved down -56.00% to Rs. 1258.78 millions as compared to Rs. 2860.73 millions during the year ago period.The Company's Net profit for the March 2023 quarter have declined marginally to Rs. 55.96  millions as against Rs. 63.17 millions reported during the corresponding quarter ended.The Operating Profit of the company witnessed a decrease to 77.16 millions from 92.65 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 1258.78 2860.73 -56.00 5526.03 8176.75 -32.42 5526.03 8176.75 -32.42
Other Income 27.85 55.14 -49.49 50.15 127.86 -60.78 50.15 127.86 -60.78
PBIDT 77.16 92.65 -16.72 242.52 224.36 8.09 242.52 224.36 8.09
Interest -0.67 5.05 -113.27 3.36 16.25 -79.32 3.36 16.25 -79.32
PBDT 77.83 87.60 -11.15 239.16 208.11 14.92 239.16 208.11 14.92
Depreciation 3.26 1.37 137.96 10.56 4.96 112.90 10.56 4.96 112.90
PBT 74.57 86.23 -13.52 228.60 203.15 12.53 228.60 203.15 12.53
TAX 18.61 23.06 -19.30 58.24 49.03 18.78 58.24 49.03 18.78
Deferred Tax -0.08 -0.03 166.67 -2.23 -2.29 -2.62 -2.23 -2.29 -2.62
PAT 55.96 63.17 -11.41 170.36 154.12 10.54 170.36 154.12 10.54
Equity 196.56 196.56 0.00 196.56 196.56 0.00 196.56 196.56 0.00
PBIDTM(%) 6.13 3.24 89.26 4.39 2.74 59.94 4.39 2.74 59.94
Peers
Company Name CMP
Vardhman Textiles 551.25
Welspun Living 222.25
Arvind 535.40
Raymond Lifestyle 652.85
K.P.R. Mill 1120.80
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