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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 48.87 % in the past year, decrease in net sales/revenue by -42.14 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -84.21 %, Marginal decrease of -93.62% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for GARMENT MANTRA LIFESTYLE LIMITED. Notable increase of 146.67 % in net profit Year to Year, GARMENT MANTRA LIFESTYLE LIMITED’s profitability increased by 90 % in this quarter.
- EPS over the Year and quarter: EPS increased by 133.33 % Year to Year. EPS increased by 40 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 27.335 Cr | Rs. 70.328 Cr | Rs. 40.694 Cr | -42.14 % | + 48.87 % |
| Expenses | Rs. 25.82 Cr | Rs. 68.06 Cr | Rs. 38.44 Cr | -43.52 % | + 48.88 % |
| Operating Profit | Rs. 1.52 Cr | Rs. 2.27 Cr | Rs. 2.25 Cr | -0.88 % | + 48.03 % |
| OPM % | 5.56 % | 3.23 % | 5.53 % | + 2.3 % | -0.03 % |
| Other Income | Rs. 0.019 Cr | Rs. 0.047 Cr | Rs. 0.003 Cr | -93.62 % | -84.21 % |
| Interest | Rs. 0.94 Cr | Rs. 1.4 Cr | Rs. 1.13 Cr | -19.29 % | + 20.21 % |
| Depreciation | Rs. 0.19 Cr | Rs. 0.21 Cr | Rs. 0.18 Cr | -14.29 % | -5.26 % |
| Profit before tax | Rs. 0.41 Cr | Rs. 0.71 Cr | Rs. 0.94 Cr | + 32.39 % | + 129.27 % |
| Tax % | 28.93 % | 47.52 % | 26 % | -21.52 % | -2.93 % |
| Net Profit | Rs. 0.29 Cr | Rs. 0.37 Cr | Rs. 0.7 Cr | + 89.19 % | + 141.38 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.05 | Rs. 0.07 | + 40 % | + 133.33 % |
Today, we’re looking at GARMENT MANTRA LIFESTYLE LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 48.87 %. However, it did see a marginal slip of -42.14 % from the previous quarter. Expenses decreased slightly by -43.52 % quarter-on-quarter, aligning with the annual rise of 48.88 %. Operating profit, while up 48.03 % compared to last year, faced a quarter-on-quarter dip of -0.88 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.03 %, but an expansion of 2.3 % sequentially. Other income fell by -93.62 % compared to the last quarter, despite an annual decline of -84.21 %. Interest expenses dropped significantly by -19.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 20.21 %. Depreciation costs fell by -14.29 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.26 %. Profit before tax grew annually by 129.27 % but saw an increase from the preceding quarter by 32.39 %.
Tax expenses as a percentage of profits decreased slightly by -2.93 % compared to last year, with a more notable quarter-on-quarter decrease of -21.52 %. Net profit rose by 141.38 % year-on-year but experienced a 89.19 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 133.33 % but a quarterly rise of 40 %. In summary, GARMENT MANTRA LIFESTYLE LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 27.335 Cr | Rs. 70.328 Cr | Rs. 40.694 Cr | -42.14 % | + 48.87 % |
| Expenses | Rs. 25.82 Cr | Rs. 68.06 Cr | Rs. 38.44 Cr | -43.52 % | + 48.88 % |
| Operating Profit | Rs. 1.52 Cr | Rs. 2.27 Cr | Rs. 2.25 Cr | -0.88 % | + 48.03 % |
| Net Profit | Rs. 0.29 Cr | Rs. 0.37 Cr | Rs. 0.7 Cr | + 89.19 % | + 141.38 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.05 | Rs. 0.07 | + 40 % | + 133.33 % |
In reviewing GARMENT MANTRA LIFESTYLE LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 48.87 % year-on-year growth, although there was a slight dip of -42.14 % from the previous quarter. Expenses rose by 48.88 % compared to the previous year, with a decrease of -43.52 % quarter-on-quarter. Operating Profit surged by 48.03 % annually, and saw a -0.88 % decrease from the last quarter.
Net Profit showed yearly increase of 141.38 %, and experienced a 89.19 % increase from the previous quarter. Earnings Per Share (EPS) rose by 133.33 % annually, however rose by 40 % compared to the last quarter. In essence, while GARMENT MANTRA LIFESTYLE LIMITED exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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