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Lagnam Spintex - Quaterly Results

29 Apr 2024 Evaluate
The Turnover for the quarter ended March 2024 of Rs. 1496.48 millions increase by 65.59% from Rs. 903.71 millions.The Net Profit of the company vaulted to 380.26% to Rs. 73.00  millions from Rs. 15.20 millions in the previous quarter.The company reported a good operating profit of 200.27 millions compared to 74.73 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 1496.48 903.71 65.59 4375.02 3046.59 43.60 4375.02 3046.59 43.60
Other Income 1.74 0.37 370.27 2.87 2.27 26.43 2.87 2.27 26.43
PBIDT 200.27 74.73 167.99 453.67 310.30 46.20 453.67 310.30 46.20
Interest 62.48 33.81 84.80 152.61 109.76 39.04 152.61 109.76 39.04
PBDT 137.79 40.92 236.73 301.06 200.54 50.12 301.06 200.54 50.12
Depreciation 34.80 18.20 91.21 92.86 73.31 26.67 92.86 73.31 26.67
PBT 102.99 22.72 353.30 208.20 127.23 63.64 208.20 127.23 63.64
TAX 29.99 7.52 298.80 62.46 29.61 110.94 62.46 29.61 110.94
Deferred Tax 45.62 2.12 2051.89 64.23 1.83 3409.84 64.23 1.83 3409.84
PAT 73.00 15.20 380.26 145.74 97.62 49.29 145.74 97.62 49.29
Equity 176.69 176.69 0.00 176.69 176.69 0.00 176.69 176.69 0.00
PBIDTM(%) 13.38 8.27 61.84 10.37 10.19 1.81 10.37 10.19 1.81
Peers
Company Name CMP
Vardhman Textiles 561.95
Welspun Living 223.70
Arvind 548.00
Raymond Lifestyle 677.40
K.P.R. Mill 1136.75
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