Incorporated in 2010, Lagnam Spintex Ltd is engaged in the business of manufacturing Ring & Open end Cotton yarns for domestic and international market. It exports to countries like Portugal, China, Bangladesh, etc and their yarns are used in apparel & garment industry
Financial Results:
Lagnam Spintex Ltd reported Revenues for Q1FY24 of ₹71.72 Crores down from ₹79.23 Crore year on year, a fall of 9.48%.
Total Expenses for Q1FY24 of ₹69.83 Crores down from ₹70.59 Crores year on year, a fall of 1.08%.
Consolidated Net Profit of ₹1.36 Crores down 78.1% from ₹6.21 Crores in the same quarter of the previous year.
The Earnings per Share is ₹0.77, down 78.06% from ₹3.51 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.