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( As on 14/05/2022 20:20)

LWS Knitwear Q4 net profit down 36.36% at Rs 0.07 cr

The company reported standalone net profit of Rs 0.07 crore for the quarter ended March 31, 2022 as compared to Rs 0.11 crore in the same period last year, registering a year-on-year decline of 36.36 per cent.

Net revenue of the company rose substantially by 59.97 per cent at Rs 29.45 crore in January-March quarter of this fiscal as against Rs 18.41 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 60.09 per cent to Rs 29.20 crore from Rs 18.24 crore in year ago period.

Operating Profit surged by 47.06 per cent to Rs 0.25 crore as against Rs 0.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.61 per cent in March quarter.

Interest grew by 450.00 per cent y-o-y to Rs 0.11 crore, while Taxation increased by 150.00 per cent at Rs 0.05 crore (Mar'21 Rs 0.02 crore).