Results - Announcements
Garment Mantra Lifestyle Ltd share price rallied 9.78% to Rs 1.01 after the company's net profit tumbled by 71.68% to Rs 0.79 crore, while revenue from operations gained significantly 38.13% to Rs 85.6 crore in Q2FY27 over Q2FY26.
The market capitalization of Garments & Apparels industry group stocks on BSE stood at Rs 98244.69 crore, expanding by 17.77%. It has softened by 2.83% over last one week and edged lower by 6.20% in last one month while the market capitalization of Garment Mantra Lifestyle Ltd has marginally improved by 7.45% and 11.41% in the same period respectively.
Profit before tax (PBT) of Garment Mantra Lifestyle Ltd stood at Rs 1.09 crore in Q2 FY27, nosediving by 69.47% year-on-year, and tanking 69.55% quarter-on-quarter. EBITDA came in at Rs 5 crore, surging by 421.05% YoY and retreating 10.65% sequentially.
Total expenses jumped by 39.32% to Rs 87.41 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 85.45 crore, soaring by 45.62% YoY, while employee benefits expense was at Rs 0.76 crore, remaining flat YoY.
For FY26, revenue from operations surged 97.89% to Rs 262.02 crore, while net profit soared by 55.75% to Rs 4.47 crore, compared to previous FY. EBITDA surged by 603% to Rs 8.18 crore, and PBT soared 66.50% to Rs 6.51 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 26.88 crore in FY26, as against Rs 14.99 crore in FY25.
Garment Mantra Lifestyle Ltd crashed 29.37% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.03% during the same period.