Faze Three Limited, established in 1985, is primarily engaged in manufacturing and exports of end home textile products items like bathmats, rugs, blankets, throws, cushions, etc. The company has diversified its product mix across categories in the Home Textile segment and is also a direct exporter to top retail store chains in USA, UK and Europe.
Financial Results:
- Faze Three Ltd reported Revenues for Q1FY24 of ₹128.00 Crores down from ₹146.00 Crore year on year, a fall of 12.33%.
- Total Expenses for Q1FY24 of ₹116.00 Crores down from ₹128.00 Crores year on year, a fall of 9.38%.
- Consolidated Net Profit of ₹12.00 Crores down 20.0% from ₹15.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹4.97, down 16.89% from ₹5.98 in the same quarter of the previous year.