Textile Co Posts 10.6% Rise In PAT, Re 1/Sh Dividend Approved, Shares Rise 187% In 1-Yr

Textile sector company Mafatlal Industries Ltd on Friday declared a surge of 10.6% YoY in its Q1FY25 profit after tax (PAT) to Rs 30.4 crore as against Rs 27.5 crore declared in the corresponding quarter of last year. However, the PAT of Mafatlal Industries Ltd witnessed a decline of 8.6% QoQ.

Last trading price of Mafatlal Industries shares on BSE is Rs 196.30 per share with decline of 6.77% as on August 2, 2024. Mafatlal Industries shares jumped 187% in last 1-year and slipped over 7% in last 1-month. Its market capitalisation stood at Rs 1410.49 crore. More details below:

Mafatlal Industries Ltd Approved Dividend: As per the regulatory filing of Mafatlal Industries Ltd dated Aug 2, 2024, "Declared, the Interim Dividend of Rs. 1/- per equity share of Rs. 2/- each of the Company for the F.Y. 2024-25." The company fixed August 10 as the record date for interim dividend. The Interim Dividend approved by the Board of Directors at its meeting held on Friday, August 2, 2024, will be paid to the Members on or before August 30, 2024.

Mafatlal Industries Q1 Results: The revenue from operations for Q1FY25 stood at Rs 451.8 crore, down 22.8% YoY from Rs 585.6 crore in Q1FY24. Total income of the textile company announced at Rs 457.7 crore for Q1 FY25 as compared to Rs 608.1 crore reported in the corresponding quarter of last year. Operating EBITDA for Q1FY25 stood at Rs 28.3 crore, up 85.6% as against Rs 15.2 crore announced in Q1FY24 and rose 56.7% QoQ.

Commenting on the results, - Mr. M. B. Raghunath, Chief Executive Officer said, "During the quarter, the institutional sales activities witnessed a slowdown due to adherence to the code of conduct period during the general election. Having said that, we are pleased to report quarter's result with a healthy set of numbers and exceptional margins. During the quarter, we executed a few of the high-margin contracts and won new orders from various state governments for uniforms as well as non-textile products. Our running orderbook stands at INR 486 Cr, primarily comprising textile and consumer durable products."

Total EBITDA of the company declared at Rs 30.6 crore YoY for Q1FY25, down 12.3% from Rs 34.9 crore in Q1FY24.

Mafatlal Industries Share Performance: The 52-week high price of Mafatlal Industries Ltd share on BSE is Rs 220.95 per share (as on 27/06/2024) and 52-week low price is Rs 75.00 per share (as on 03/08/2023), respectively. Mafatlal Industries shares gave return of 321% in last 2-years, soared 513% in last 3-years, and offered return of 1207% in last 5-years.

Mafatlal Industries Dividend History: Mafatlal Industries declared 6 dividends since July 18, 2013.

About: Mafatlal Industries Limited, with a rich legacy of 120 years, is a flagship company of the Arvind Mafatlal Group. Being a pioneer in the textile industry, the company has a wide range of product offering under textile umbrella. Recently the company has also forayed into education led technology. The company is recognised for its high-quality products and customer satisfaction.