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Garment Mantra Lifestyle Ltd (BOM: 539216)- EBITDA, which stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, has increased significantly. It was Rs 2.80 crore this quarter compared to Rs 1.60 crore in the same quarter of the previous financial year, marking a growth of 75 percent. Additionally, there has been a substantial 304 percent increase in net profit.
In the stock market, there are numerous investment options available, with some stocks showing remarkable returns in a short span. These high-performing stocks are often referred to as multi-bagger stocks. Currently, the fashion industry is witnessing heightened attention, driving growth within this sector.
A specific stock related to fashion has experienced significant growth recently, delivering returns of over 70 percent to its investors in just six months. Moreover, this stock has also demonstrated growth in its quarterly results.
NSE: Garment Mantra Lifestyle Share Price Target share has increased by +1.97 in the last 1 month, +2.98
Urja Global Share Price Target 2024, 2025, 2026, 2027, 2030, 2035, 2040, 2045, 2050
Great returns in 6 months
The company, Garment Mantra Lifestyle, experienced a notable shift in its stock performance. Between August 2023 and December 2023, its shares were trading in the range of Rs 4 to Rs 5. However, in January 2024, there was a remarkable surge in its stock price, reaching as high as Rs 5 to Rs 9. As of February 9, the closing share price stood at Rs 7.98.
Garment Mantra Lifestyle Ltd Quarterly results
Over the past six months, the stock price has surged by Rs 3.34, marking a significant increase of 71.98%. This substantial growth translates to considerable returns for investors in the company’s stock within this timeframe. Garment Mantra Lifestyle recently disclosed its financial results for the third quarter of the fiscal year 2023-24, revealing robust earnings.
For the quarter ending December 31, 2023, the company reported a consolidated revenue of Rs 33.36 crore, compared to Rs 28.16 crore in the same quarter of the previous fiscal year, representing an 18 percent increase.
Increase in profit
- EBITDA for this quarter: Rs 2.80 crore, marking a 75 percent increase from Rs 1.60 crore in the corresponding quarter of the previous financial year.
- Net profit growth: 304 percent.
- Net profit in the third quarter of this fiscal year: Rs 1.41 crore, up from Rs 0.35 crore in the same period last year.
- Net profit for the first nine months of this financial year: Rs 2.11 crore, compared to Rs 1.06 crore in the corresponding period last year, reflecting a robust 99 percent growth.
About Garment Mantra Lifestyle
Garment Mantra Lifestyle Ltd operates as a wholesale unit, specializing in garment manufacturing and the sale of premium-quality apparel. With extensive expertise and resources, Garment Mantra is dedicated to providing wholesalers with high-quality products that offer excellent value for money.
- Founded: 2011
- Headquarters: India
- Number of employees: 53 (2023)
- Subsidiaries: Jannat Fabrics And Apparels Private Limited, Twenty Twenty Trading LLP
Conclusion
This article is a comprehensive guide to the ₹8 Penny Stock became a rocket, giving 72% return in 6 months, and 304% growth in quarterly results. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
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