S P Apparels announced Q3FY24 results:
Consolidated Q3FY24:
- Total Revenue for Q3FY24 is Rs 2,570.12 million, slightly lower than Rs 2,588.29 million in Q3FY23.
- Profit before Tax for Q3FY24 is Rs 245.02 million compared to Rs 194.27 million in Q3FY23, indicating a growth of 26.12% YoY.
- Profit after Tax for Q3FY24 is Rs 176.09 million, up from Rs 132.73 million in Q3FY23, showing a growth of 32.67% YoY.
- Earnings per share for the quarter is Rs 7.02, compared to Rs 5.21 in Q3FY23.
Standalone Q3FY24:
- Total Revenue for the Quarter is Rs 2,286.55 million compared to Rs 2,269.48 million in Q3FY23.
- Profit before Tax for the quarter is Rs 291.60 million, up from Rs 225.97 million in Q3FY23, marking a growth of 29.04% YoY.
- Profit after Tax for the quarter is Rs 222.69 million compared to Rs 162.29 million in Q3FY23, representing a growth of 37.22% YoY.
- Earnings per share for the quarter is Rs 8.87, up from Rs 6.37 in Q3FY23.
Segmental Performance:
- Garment Division Adjusted revenue stood at Rs 2,238.12 million with adjusted EBITDA of Rs 387.11 million during the quarter.
- S.P. Retail Ventures revenue stood at Rs 148.66 million with EBITDA of Rs (29.23) million during the quarter.
- S.P. Apparels UK (P) revenue stood at Rs 137.70 million with an EBITDA of Rs 5.34 million during the quarter.
- Sales Quantity exported for the current quarter stood at 14.28 million Pcs, compared to 13.38 million pcs YoY and 15.39 million pcs QoQ.