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- Filatex Fashions Q1 Results Revenue Falls to ₹24.21 Cr Profit After Tax at ₹1.74 Cr
Filatex Fashions Q1 Results Revenue Falls to ₹24.21 Cr Profit After Tax at ₹1.74 Cr
Filatex Fashions Q1 Results show a 60.7% YoY drop in revenue to ₹24.21 Cr. and a 39.13% YoY decrease in total income to ₹26.61 Cr. The operating profit fell by 5.24% YoY to ₹2.72 Cr., and profit after tax dropped 9.27% YoY to ₹1.74 Cr., with the operating margin declining by 24.36% to 10.23%.
by Madhumitha
Updated Sep 12, 2024
Table of Content
Filatex Fashions Q1 Results 2024-2025: Filatex Fashions announced their Q1 results on August 14, 2024, showing a significant shift in financial performance. For the quarter ending June 30, 2024, the company reported a revenue of Rs. 2,421.34 lakhs, marking a substantial 60.7% decrease year-over-year (YoY) compared to Rs. 6,175.54 lakhs in the same period last year. This drop reflects a notable year-over-year (YoY) decline in revenue, highlighting the challenges the company has faced in the first quarter.
In addition to the reduced revenue, Filatex Fashions experienced a year-over-year (YoY) decrease in total expenses, which fell by 64.5% from Rs. 6,164.00 lakhs in Q1 2023-2024 to Rs. 2,191.24 lakhs in the current quarter.
Despite these reductions, the company’s profit before tax decreased by 14.8% year-over-year (YoY), falling from Rs. 270.87 lakhs to Rs. 230.80 lakhs. This results in a year-over-year (YoY) drop in earnings per share from Rs. 0.025 to Rs. 0.010, indicating a challenging quarter for Filatex Fashions in comparison to the previous year.
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Filatex Fashions Q1 Results 2024-2025
Here is a summary of Filatex Fashions's financial performance for the first quarter of 2024-2025:
| Particulars | Q1 2024-2025 | Q1 2023-2024 |
|---|---|---|
| Revenue from Operations | Rs. 2,421.34 lakhs | Rs. 6,175.54 lakhs |
| Other Income | Rs. 0.70 lakhs | Rs. 259.32 lakhs |
| Total Income | Rs. 2,422.04 lakhs | Rs. 6,434.86 lakhs |
| Cost of Material Consumed | Rs. 2,465.43 lakhs | Rs. 6,182.30 lakhs |
| Changes in Inventory | Rs. -488.36 lakhs | Rs. -345.19 lakhs |
| Employee Benefit Expense | Rs. 81.69 lakhs | Rs. 68.33 lakhs |
| Finance Cost | Rs. 39.88 lakhs | Rs. 49.07 lakhs |
| Depreciation and Amortization | Rs. 16.80 lakhs | Rs. 22.67 lakhs |
| Other Expenses | Rs. 75.80 lakhs | Rs. 186.81 lakhs |
| Total Expenses | Rs. 2,191.24 lakhs | Rs. 6,164.00 lakhs |
| Profit Before Tax | Rs. 230.80 lakhs | Rs. 270.87 lakhs |
| Earnings Per Share | Rs. 0.010 | Rs. 0.025 |
| Comprehensive Income | Rs. 172.62 lakhs | Rs. 243.60 lakhs |
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Filatex Fashions Current Market Overview
Filatex Fashions is currently trading at ₹1.20 per share, down by 1.64% as of September 12, 2024. The company's market capitalization is ₹1,000 crore. Recently, the stock has fluctuated between a high of ₹4.30 and a low of ₹1.14.
With a price-to-earnings ratio of 113 and a book value of ₹2.76, the company is not offering any dividend yield at the moment. Its return on capital employed (ROCE) is 1.07% and its return on equity (ROE) is 0.74%, indicating modest financial performance.
| Metric | Value |
|---|---|
| Current Price | ₹1.20 |
| Change | -1.64% |
| Date | 12 Sep 2024 |
| Market Cap | ₹1,000 Cr. |
| High / Low | ₹4.30 / ₹1.14 |
| Stock P/E Ratio | 113 |
| Book Value | ₹2.76 |
| Dividend Yield | 0.00% |
| ROCE | 1.07% |
| ROE | 0.74% |
| Face Value | ₹1.00 |
Quarterly Results
Here is the table with rows and columns interchanged, focusing on Filatex Fashions’s quarterly results for December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | ₹44.51 Cr. | ₹61.76 Cr. | ₹24.21 Cr. |
| Expenses | ₹39.71 Cr. | ₹60.92 Cr. | ₹21.34 Cr. |
| Operating Profit | ₹4.80 Cr. | ₹0.84 Cr. | ₹2.87 Cr. |
| OPM % | 10.78% | 1.36% | 11.85% |
| Other Income | ₹0.02 Cr. | ₹2.59 Cr. | ₹0.01 Cr. |
| Interest | ₹0.37 Cr. | ₹0.49 Cr. | ₹0.40 Cr. |
| Depreciation | ₹0.15 Cr. | ₹0.23 Cr. | ₹0.17 Cr. |
| Profit Before Tax | ₹4.30 Cr. | ₹2.71 Cr. | ₹2.31 Cr. |
| Tax % | 34.19% | 9.96% | 25.11% |
| Net Profit | ₹2.83 Cr. | ₹2.44 Cr. | ₹1.73 Cr. |
About Filatex Fashions
Filatex Fashions, established in 1995, is a company specializing in the manufacturing of socks. Known for its high-quality products, the company offers a range of socks, including the luxurious Tuscany line, which is made from premium yarns.
Over the years, Filatex Fashions has built a reputation for excellence in the textile industry, focusing on delivering well-crafted and comfortable socks to its customers. The company's commitment to quality and innovation continues to drive its success in the competitive fashion market.
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Filatex Fashions Q1 Results- FAQs
1. What is the revenue for Filatex Fashions in Q1 2024-2025?
Filatex Fashions reported a revenue of Rs. 2,421.34 lakhs for Q1 2024-2025.
2. How does Filatex Fashions' Q1 2024-2025 revenue compare to the previous year?
Filatex Fashions' revenue in Q1 2024-2025 is significantly lower than the previous year's revenue of Rs. 6,175.54 lakhs.
3. What is the total income for Filatex Fashions in Q1 2024-2025?
Filatex Fashions' total income for Q1 2024-2025 is Rs. 2,422.04 lakhs.
4. How much did Filatex Fashions spend on material consumption in Q1 2024-2025?
Filatex Fashions spent Rs. 2,465.43 lakhs on material consumption in Q1 2024-2025.
5. What are the total expenses for Filatex Fashions in Q1 2024-2025?
Filatex Fashions' total expenses in Q1 2024-2025 amount to Rs. 2,191.24 lakhs.
6. How much did Filatex Fashions earn in other income during Q1 2024-2025?
Filatex Fashions earned Rs. 0.70 lakhs in other income during Q1 2024-2025.
7. What was the cost of material consumed by Filatex Fashions in Q1 2023-2024?
Filatex Fashions' cost of material consumed in Q1 2023-2024 was Rs. 6,182.30 lakhs.
8. What is Filatex Fashions' profit before tax for Q1 2024-2025?
Filatex Fashions' profit before tax for Q1 2024-2025 is Rs. 230.80 lakhs.
9. How much did Filatex Fashions spend on finance costs in Q1 2024-2025?
Filatex Fashions spent Rs. 39.88 lakhs on finance costs in Q1 2024-2025.
10. What is the earnings per share for Filatex Fashions in Q1 2024-2025?
Filatex Fashions' earnings per share in Q1 2024-2025 is Rs. 0.010.
11. How does Filatex Fashions' comprehensive income in Q1 2024-2025 compare to the previous year?
Filatex Fashions' comprehensive income in Q1 2024-2025 is Rs. 172.62 lakhs, lower than Rs. 243.60 lakhs in the previous year.