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Lorenzini Apparels - Quaterly Results

23 May 2024 Evaluate
A slight decline in the revenue of Rs. 99.66 millions was seen for the March 2024 quarter as against Rs. 103.37 millions during year-ago period.The Net Profit of the company slipped to Rs. 3.16 millions from Rs. 5.38 millions, a decline of -41.26% on QoQ basis.A decline of 15.05 millions was observed in the OP in the quarter ended March 2024 from 19.17 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 99.66 103.37 -3.59 547.59 437.57 25.14 547.59 437.57 25.14
Other Income -4.78 1.03 -564.08 18.71 1.91 879.58 18.71 1.91 879.58
PBIDT 15.05 19.17 -21.49 118.62 79.29 49.60 118.62 79.29 49.60
Interest 4.08 3.60 13.33 14.06 12.71 10.62 14.06 12.71 10.62
PBDT 10.97 15.57 -29.54 104.56 66.58 57.04 104.56 66.58 57.04
Depreciation 8.37 8.07 3.72 32.15 28.90 11.25 32.15 28.90 11.25
PBT 2.60 7.50 -65.33 72.41 37.68 92.17 72.41 37.68 92.17
TAX -0.56 2.12 -126.42 19.44 12.48 55.77 19.44 12.48 55.77
Deferred Tax -3.30 -0.94 251.06 -0.54 1.02 -152.94 -0.54 1.02 -152.94
PAT 3.16 5.38 -41.26 52.97 25.20 110.20 52.97 25.20 110.20
Equity 156.69 156.69 0.00 156.69 156.69 0.00 156.69 156.69 0.00
PBIDTM(%) 15.10 18.55 -18.57 21.66 18.12 19.55 21.66 18.12 19.55
Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 227.60
Arvind 539.60
Raymond Lifestyle 642.05
K.P.R. Mill 1103.45
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