Results - Announcements
Garment Mantra Lifestyle Ltd share price gained 2.22% to Rs 0.92 after the company's net profit witnessed a sharp fall of 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, heading higher 13.08%. It has marginally improved by 1.41% over last one week and softened by 1.19% in last one month while the market capitalization of Garment Mantra Lifestyle Ltd has slipped by 2.12% and 19.30% in the same period respectively.
Profit before tax (PBT) of Garment Mantra Lifestyle Ltd stood at Rs 1.09 crore in Q2 FY27, tanking 69.47% year-on-year, and plunging by 69.55% quarter-on-quarter. EBITDA came in at Rs 5 crore, jumping 421.05% YoY and falling 10.65% sequentially.
Total expenses surged 39.32% to Rs 87.41 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 85.45 crore, witnessing a sharp rise of 45.62% YoY, while employee benefits expense was at Rs 0.76 crore, remaining flat YoY.
For FY26, revenue from operations soared by 97.89% to Rs 262.02 crore, while net profit saw a strong growth of 55.75% to Rs 4.47 crore, compared to previous FY. EBITDA witnessed a strong improvement of 603% to Rs 8.18 crore, and PBT witnessed a strong rise of 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 nosedived by 35.21% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.37% during the same period.