However, the profit before tax (PBT) decreased to ₹143.87 crore in Q3 FY24, down from ₹183.26 crore in Q3 FY23. The net profit also witnessed a decline, falling to ₹107.42 crore in the recent quarter from ₹142.04 crore in the same period the previous year. This indicates a reduction in profitability, which is further reflected in the earnings per share (EPS), which decreased from ₹0.28 in Q3 FY23 to ₹0.21 in Q3 FY24, the company said in a press release.

In terms of profitability metrics, the operating profit margin (OPM) stood at 14.98 per cent for the quarter, which is a decrease from the 17.24 per cent reported in the previous year's quarter. Similarly, the net profit margin (NPM) also saw a reduction, coming in at 5.89 per cent in Q3 FY24 compared to 8.78 per cent in Q3 FY23.

The company reported a roughly 25 per cent increase in revenue from its yarn segment and a 36 per cent rise in its bedsheets division, while revenue from its towel segment saw an 8 per cent decrease.

Fibre2Fashion News Desk (DP)