Garment Mantra Lifestyle rallies over 3% after Q3 PAT rises to Rs3.3cr

19 Jan 2022 , 03:04 PM

Garment Mantra Lifestyle Limited (GMLL), an integrated textile company fulfilling the fashion and lifestyle aspirations of Mass Indian Population has announced its 3rd Quarter Earnings for the period ended on December 31, 2021.

Financial Performance Comparison – Q3 FY22 v/s Q3 FY21

• Revenue from Operations has increased by 158.50% from Rs22.2cr in Q3 FY21 to Rs57.4cr in Q3 FY22.
• The EBITDA has increased by 131.58% from Rs2.3cr in Q3 FY 21 to Rs5.4cr in Q3 FY22.
• Finance Cost has marginally increased from 5.65 Mn in Q3 FY21 to 7.86 Mn in Q3 FY22 although revenue from operations have grown by ~2X for the period.
• Net profit has increased by 158.91% from Rs1.2cr in Q3 FY21 to Rs3.3cr in Q3 FY22
• Consolidate EPS for Q3 FY 22 is Rs3.33 per share (of the face value of Rs 10 Each) as compared to Rs1.48 per share in Q3 FY21.

Financial Performance Comparison – 9M FY22 v/s 9M FY21

• Revenue from Operation has recorded a growth by 143.25% from Rs60.8cr in 9M FY21 to Rs148cr in 9M FY22.
• The EBITDA has increased by 151.27% from Rs5.1cr in 9M FY21 to Rs12.8cr in 9M FY22 and a gain in the EBITDA margins from 8.43% in 9M FY21 to 8.71% in 9M FY22.
• Net profit stood at Rs7.2cr in 9M FY22, compared to Rs2.7cr in 9M FY21 recoded a growth of 167.58%

Business Updates

• GMLL is going to setup a new centralized integrated facility in Surat, Gujarat to efficiently cover the western region and scale up the operations of Poorti (textile wholesale surplus division) and also give an impetus to Price Mantra (apparel convenience store) which will strengthen their brand visibility in the region.
• GMLL has focused on increasing its retail presence through B2C space. GMLL has Recently launched a Store at Raipur, Chhattisgarh as part of our ‘100 store Journey’ at PAN India Level.

Commenting on the performance of Q3 FY22, Prem Aggarwal, Chairman & Managing Director, said, “We are pleased to report another quarter of consistent and strong growth, supported by differentiated offerings, efficient operations and business strategies.We continue to execute strongly on all our key strategies, driving growth across our three primary verticals.

We have setup 2 integrated facilities in Surat and Raipur as part of our business plan to setup centers across India and serve tier 2 and 3 towns/districts which have a very strong potential and market opportunity to grow our wholesale surplus and retail model in a very significant manner, we have seen substantial growth in our Poorti model and we expect this model to grow at a CAGR of 30% over the next few years.

Lastly thanking all our stakeholders in entrusting their confidence in us and we assure every stakeholder we are committed to outperform and pursue every effort to channelize inclusive growth.”

At around 3:01 PM, Garment Mantra Lifestyle was trading at Rs180.10 per piece higher by 3.09% on the BSE.