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MoneyWorks4Me

Lagnam Spintex - Quaterly Results

12 Feb 2024 Evaluate
The turnover soared 71.33% to Rs. 1235.76 millions for the December 2023 quarter as compared to Rs. 721.28 millions during the corresponding quarter last year.Net Profit witnessed a 1097.41% growth almost the double from Rs. 3.86 millions to Rs. 46.22  millions  of same quarter last year.OP of the company witnessed a marginal growth to 115.06 millions from 49.96 millions in the same quarter last year.


(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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About MoneyWorks4Me

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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To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

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