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Garware Marine Inds. - Quaterly Results

26 May 2023 Evaluate
The sales for the March 2023 quarter moved down -31.87% to Rs. 1.86 millions as compared to Rs. 2.73 millions during the year ago period.The Net Loss for the quarter ended March 2023 is Rs. -0.58 millions as compared to Net Loss of Rs. -0.12 millions of corresponding quarter ended March 2022 Operating profit Margin for the quarter ended March 2023 further decreased to -0.57% as compared to -0.09% of corresponding quarter ended March 2022


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 1.86 2.73 -31.87 12.24 15.84 -22.73 12.24 15.84 -22.73
Other Income 0.00 0.00 0.00 0.01 0.06 -83.33 0.01 0.06 -83.33
PBIDT -0.57 -0.09 533.33 1.20 0.20 500.00 1.20 0.20 500.00
Interest 0.00 0.00 0.00 0.01 0.04 -75.00 0.01 0.04 -75.00
PBDT -0.57 -0.09 533.33 1.19 0.16 643.75 1.19 0.16 643.75
Depreciation 0.01 0.01 0.00 0.03 0.01 200.00 0.03 0.01 200.00
PBT -0.58 -0.10 480.00 1.16 0.15 673.33 1.16 0.15 673.33
TAX 0.00 0.02 -100.00 0.00 0.02 -100.00 0.00 0.02 -100.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -0.58 -0.12 383.33 1.16 0.13 792.31 1.16 0.13 792.31
Equity 57.66 57.66 0.00 57.66 57.66 0.00 57.66 57.66 0.00
PBIDTM(%) -30.65 -3.30 829.57 9.80 1.26 676.49 9.80 1.26 676.49
Peers
Company Name CMP
Vardhman Textiles 567.35
Welspun Living 207.80
Arvind 575.25
Raymond Lifestyle 693.70
K.P.R. Mill 1109.40
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