HY1 in FY1920 marks fall in PAT and Revenue at Laxmi Cotspin
Profit margin decreases over Rs.1.52 crore at Laxmi Cotspin Limited in HY1 of FY2019-20 as against previous year corresponding period.
Company : Laxmi Cotspin Limited
Laxmi Cotspin announced the financial results for half year ended 30.09.2019 marking revenue depreciation of Rs.14.7 crore against a year ago period.
Following are the financials of HY ended 30.9.2019 at LaxmiCotspin Limited:
- Net profit reached Rs.32.99 lacs against Rs.1.85 crore in a year ago period.
- Profit before tax stands at Rs.50.13 lacs while last year same period it was Rs.2.73 crore
- Total revenue earned is Rs.69.98 crore compared to Rs.84.68 crore in the preceding year same period.
- EPS stands at Rs.0.19 whereas last year same period it was Rs.1.08
The total standalone earnings at Laxmi Cotspin Limited in the financial year 2018-19 was Rs.178.20 crore followed by PBT of Rs.4.44 crore and PAT was Rs.3.66 crore.
Maharashtra based LaxmiCotspin Limited is a Government of India recognized star export house manufacturing 100% Cotton Yarn, Cotton Bales and Cotton Seed.
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