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Lagnam Spintex - Quaterly Results

12 Feb 2024 Evaluate
The turnover for the December 2023 quarter moved up 71.33% to Rs. 1235.76 millions as compared to Rs. 721.28 millions during the year-ago period.The Net Profit of the company reported a remarkable increase of 1097.41% to Rs. 46.22  millions  from Rs. 3.86 millions in previous same quarter.Operating profit surged to 115.06 millions from the corresponding previous quarter of 49.96 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202303 202203 % Var
Sales 1235.76 721.28 71.33 2878.54 2142.87 34.33 3046.59 3484.41 -12.57
Other Income 0.59 0.36 63.89 1.14 1.90 -40.00 2.27 5.13 -55.75
PBIDT 115.06 49.96 130.30 253.39 235.57 7.56 310.30 589.43 -47.36
Interest 25.76 26.35 -2.24 90.13 75.95 18.67 109.76 108.76 0.92
PBDT 89.30 23.61 278.23 163.26 159.62 2.28 200.54 480.67 -58.28
Depreciation 21.33 18.42 15.80 58.06 55.12 5.33 73.31 75.25 -2.58
PBT 67.97 5.19 1209.63 105.20 104.50 0.67 127.23 405.42 -68.62
TAX 21.75 1.33 1535.34 32.47 22.09 46.99 29.61 117.44 -74.79
Deferred Tax 8.70 3.02 188.08 18.61 -0.29 -6517.24 1.83 112.31 -98.37
PAT 46.22 3.86 1097.41 72.73 82.41 -11.75 97.62 287.98 -66.10
Equity 176.69 176.69 0.00 176.69 176.69 0.00 176.69 176.69 0.00
PBIDTM(%) 9.31 6.93 34.42 8.80 10.99 -19.93 10.19 16.92 -39.79
Peers
Company Name CMP
Welspun Living 125.45
Vardhman Textiles 557.75
Arvind 387.20
K.P.R. Mill 926.40
Page Industries 37935.70
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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