Lagnam Spintex announces FY24 results, PAT Zooms to YoY 380% at Rs 7.30 cr in Q4FY24, Declares Dividend of Rs. 0.50/- per share

The Total revenue for the quarter Q4FY24 grew by 66% to Rs 149.82 crores compare to Rs 90.41 crores in Q4FY23. The Profit after Tax in Q4FY24 grew by whooping 380% to Rs 7.30 crores compare to Rs. 1.52 crores in Q4FY23.

For the financial year 2023-24, the textile company clocked a PAT of Rs 14.57 crores with a total income of Rs 437.79 crores. Its EBITDA stood at Rs 45.37 crores with an EPS of Rs 8.25.

Financial Highlights for the Quarter ended March 31, 2024

 Financial Highlights for Fiscal year ended March 31, 2024:

Commenting on the company’s performance, Anand Mangal, Promoter and Managing Director of Lagnam Spintex said, ” We are thrilled with the remarkable progress of our expansion project. Our Compact yarn has been exceptionally well-received by both existing and new customers, thanks to its superior quality. This widespread acceptance has enabled us to expand our customer base across domestic and export markets.”

Lagnam Spintex’s unwavering commitment to innovation, quality, and customer satisfaction has positioned the company as a leader in the cotton yarn manufacturing industry. With its strategic initiatives and expansion plans, Lagnam Spintex is poised to solidify its position further and continue delivering exceptional products to its valued customers worldwide.

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