Garment Mantra Lifestyle Ltd Stellar Earnings for Q3FY24, PAT Jumps 304% YoY

Garment Mantra Lifestyle Ltd.  a leading player engaged in the business of garment manufacturing and selling, has announced stellar earnings for the quarter and nine months ended 31 December 2023.

For the quarter ended 31 December 2023 (Cons), the company reported Revenue from Operations at Rs. 33.36 Crores, a growth of 18% YoY. The EBITDA rose 75% YoY to reach Rs. 2.80 Cr. PAT jumped 304% YoY, and was reported at Rs. 1.41 Crores.

For the nine months ended 31 December 2023 (Cons), the revenue from operations came in at Rs. 93.92 Cr, a decrease of 9%. EBITDA grew 26% YoY to Rs. 5.99 Cr. PAT rose 99% YoY to Rs. 2.11 Cr.

The company's current order book is strong and diversified into domestic and exports. Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of Mass Indian Population. The promoters of the company have extensive experience in the Textile Industry for over 3 decades.