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 : Libas Designs 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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	Current Year Upto	Previous Year Upto	Previous Year
	30/9/2019	30/9/2018	2018-2019
Income Statement
Revenue	6900.5	8375.97	17721.13
Other Income	98.45	92.69	99.21
Total Income	6998.95	8468.66	17820.34
Expenditure	6558.73	7589.52	16497.4
Finance Cost	148.27	228.05	322.87
PBDT	291.95	651.09	1000.07
Depreciation	241.82	377.39	555.7
PBT	50.13	273.7	444.37
Tax	17.14	87.93	78.24
Net Profit	32.99	185.77	366.13
Equity	1714.77	1714.77	1714.77
EPS	0.19	1.08	2.14