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Meyer Apparel - Quaterly Results

23 May 2024 Evaluate
A decrease in the sales to Rs. 14.75 millions was observed for the quarter ended March 2024. The sales stood at Rs. 19.94 millions during the similar quarter previous year.The Net Loss for the quarter ended March 2024 is Rs. -3.58 millions as compared to Net Loss of Rs. -6.93 millions of corresponding quarter ended March 2023 Operating profit Margin for the quarter ended March 2024 improved to -3.48% as compared to -6.69% of corresponding quarter ended March 2023


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 14.75 19.94 -26.03 42.84 63.03 -32.03 42.84 63.03 -32.03
Other Income 0.12 0.48 -75.00 2.61 4.27 -38.88 2.61 4.27 -38.88
PBIDT -3.48 -6.69 -47.98 -17.85 -16.29 9.58 -17.85 -16.29 9.58
Interest 0.04 0.19 -78.95 0.26 0.38 -31.58 0.26 0.38 -31.58
PBDT -3.52 -6.88 -48.84 -18.11 -16.67 8.64 -18.11 -16.67 8.64
Depreciation 0.06 0.05 20.00 0.24 0.17 41.18 0.24 0.17 41.18
PBT -3.58 -6.93 -48.34 -18.35 -16.84 8.97 -18.35 -16.84 8.97
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -3.58 -6.93 -48.34 -18.35 -16.84 8.97 -18.35 -16.84 8.97
Equity 242.67 242.67 0.00 242.67 242.67 0.00 242.67 242.67 0.00
PBIDTM(%) -23.59 -33.55 -29.68 -41.67 -25.84 61.22 -41.67 -25.84 61.22
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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