Filatex Fashions Q1 Results Revenue Falls to ₹24.21 Cr Profit After Tax at ₹1.74 Cr

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:

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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.

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:

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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