Garment Mantra Lifestyle Reports Declining Financial Metrics Amidst Efficient Debtors Collection in December 2024

Garment Mantra Lifestyle, a microcap player in the textile industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a challenging period for the company, with notable shifts in its financial metrics.
The company's Debtors Turnover Ratio has reached a high of 9.15 times over the last five half-yearly periods, suggesting an efficient collection process. However, this positive aspect is overshadowed by significant declines in other key areas. Net sales for the quarter stood at Rs 22.06 crore, reflecting a substantial year-on-year decrease. Additionally, Profit Before Tax less Other Income (PBT) has shown a drastic decline, landing at Rs -0.03 crore, marking a concerning trend in profitability.

Operating Profit (PBDIT) has also reached its lowest point in the last five quarters at Rs 0.91 crore, indicating challenges in maintaining operational efficiency. Furthermore, the company's Earnings per Share (EPS) has fallen to Rs 0.01, highlighting a reduction in shareholder earnings. The liquidity position is also under pressure, with cash and cash equivalents at their lowest in the last six half-yearly periods.

In light of these developments, Garment Mantra has experienced an adjustment in its evaluation, reflecting the current financial landscape.

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