Compared to the same quarter last year, Mafatlal Industries Ltd saw a 183 per cent increase in net profit to Rs. 33 crore for the fourth quarter that concluded on 31st March.
Compared to Rs. 338 crore in the same quarter of the previous fiscal year, the company’s revenue for the quarter increased by 126 per cent to Rs. 764 crore.
The company declared a net profit of Rs. 99 crore and revenue of Rs. 2,078 crore for the entire fiscal year 2024.
Commenting on the results, M B Raghunath, CEO of Mafatlal Industries Ltd in a statement said, “I am pleased to report that our turnaround strategies have translated into a healthy FY ’24 performance, and we have surpassed our decade-long numbers on key financial metrics. Our execution capabilities and long-standing working relationships with our customers are the cornerstones of our operations.”
“As on May 2024, our running order book stands at approximately Rs. 400 crore which will be executed in near future. Looking ahead, we see promising opportunities in multiple segments through large institutional tenders,” he added.
Mafatlal Industries Limited, a flagship company of the Arvind Mafatlal Group has a strong presence in the textile industry with a wide range of products that include suitings, shirts, fabrics, voiles, uniforms, and more.
