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Acknit Industries - Quaterly Results

09 Aug 2024 Evaluate
The June 2024 quarter revenue stood at Rs. 572.27 millions, up 14.80% as compared to Rs. 498.48 millions during the corresponding quarter last year.A good growth in profit of 27.28% reported to Rs. 19.83  millions over Rs. 15.58 millions of corresponding previous quarter.Operating profit for the quarter ended June 2024 rose to 43.08 millions as compared to 35.25 millions of corresponding quarter ended June 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Sales 572.27 498.48 14.80 572.27 498.48 14.80 2206.57 2384.69 -7.47
Other Income 0.74 1.34 -44.78 0.74 1.34 -44.78 2.48 0.67 270.15
PBIDT 43.08 35.25 22.21 43.08 35.25 22.21 171.36 182.54 -6.12
Interest 6.97 5.95 17.14 6.97 5.95 17.14 23.84 28.01 -14.89
PBDT 36.11 29.30 23.24 36.11 29.30 23.24 147.52 154.53 -4.54
Depreciation 8.89 8.21 8.28 8.89 8.21 8.28 32.93 33.15 -0.66
PBT 27.22 21.09 29.07 27.22 21.09 29.07 114.59 121.38 -5.59
TAX 7.39 5.51 34.12 7.39 5.51 34.12 29.07 31.17 -6.74
Deferred Tax -0.10 -0.27 -62.96 -0.10 -0.27 -62.96 -0.24 0.03 -900.00
PAT 19.83 15.58 27.28 19.83 15.58 27.28 85.52 90.21 -5.20
Equity 30.40 30.40 0.00 30.40 30.40 0.00 30.40 30.40 0.00
PBIDTM(%) 7.53 7.07 6.45 7.53 7.07 6.45 7.77 7.65 1.45
Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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