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Globe Textiles (I) - Quaterly Results

24 May 2024 Evaluate
Net sales declined -8.57%  to  Rs. 1006.08 million from Rs. 1100.40 millions.Profit for the quarter ended March 2024 rises by 70.68% to Rs. 13.04  millions from Rs. 7.64 millions.The company reported a good operating profit of 63.58 millions compared to 42.81 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 1006.08 1100.40 -8.57 4282.24 3994.21 7.21 4282.24 3994.21 7.21
Other Income 23.26 13.53 71.91 27.80 24.11 15.30 27.80 24.11 15.30
PBIDT 63.58 42.81 48.52 228.64 201.01 13.75 228.64 201.01 13.75
Interest 29.60 27.35 8.23 118.39 115.64 2.38 118.39 115.64 2.38
PBDT 33.98 15.46 119.79 110.25 85.37 29.14 110.25 85.37 29.14
Depreciation 6.91 7.18 -3.76 27.86 28.78 -3.20 27.86 28.78 -3.20
PBT 27.07 8.28 226.93 82.39 56.59 45.59 82.39 56.59 45.59
TAX 14.03 0.64 2092.19 24.89 11.54 115.68 24.89 11.54 115.68
Deferred Tax 4.27 -0.02 -21450.00 2.14 -1.52 -240.79 2.14 -1.52 -240.79
PAT 13.04 7.64 70.68 57.50 45.05 27.64 57.50 45.05 27.64
Equity 600.56 302.28 98.68 600.56 302.28 98.68 600.56 302.28 98.68
PBIDTM(%) 6.32 3.89 62.44 5.34 5.03 6.10 5.34 5.03 6.10
Peers
Company Name CMP
Vardhman Textiles 522.85
Welspun Living 243.75
Arvind 490.90
Raymond Lifestyle 525.75
K.P.R. Mill 1163.00
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