The News CartelThe News Cartel
    What's Hot

    ‘Ek Deewane Ki Deewaniyat’ – Love, Obsession … and a Dash of Censorship Drama

    October 18, 2025

    From BrahMos to AI Health Diplomacy: India’s Bold Play 2025

    October 18, 2025

    Another Light Counselling Spreads Warmth This Diwali with Free Sessions for Those Facing Loneliness

    October 18, 2025
    Facebook Twitter Instagram
    The News CartelThe News Cartel
    • Home
    • News
      • Business
      • Education
      • Entertainment
      • Health
      • National
      • Lifestyle
      • Technology
      • World
    The News CartelThe News Cartel
    Home»Business»Lagnam Spintex reports Total Revenue of Rs 160.03 crores in Q1FY24-25 an increase of 123 Percent from Q1FY23-24
    Business

    Lagnam Spintex reports Total Revenue of Rs 160.03 crores in Q1FY24-25 an increase of 123 Percent from Q1FY23-24

    Shruti JoshiBy Shruti JoshiAugust 5, 2024No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    New Delhi (India) August 5 : Lagnam Spintex Limited, a Bhilwara based leading manufacturer of high quality cotton yarns, has announced its results for the quarter ended on June 30th, 2024 in its board meeting held on 03rd August 2024. 

    The total revenue for this quarter Q1FY24-25 grew to Rs 160.03 crores compare to Rs 71.75 crores in Q1FY23-24, a jump of 123%. The increase in Revenue was due to the new product profile they have added as part of their expansion project and reached out to new markets both in Exports and Domestic. Lagnam had Commissioned their Rs 218 cr. Capex expansion project ahead of schedule on 31st January 2024, as against the schedule date of 1st April 2024.

    Lagnam Spintex Q1FY24-25 Results V/s Q1FY23-24 comparative:

    The EBITDA for the quarter Q1FY24-25 has increased to Rs 13.77 cr as against Rs 7.21 crores in Q1FY23-24, a major leap of 90.95%. The Earning Per Share has increased to Rs. 0.89 per equity share in Q1FY24-25 compare to Rs. 0.77 in Q1FY23-24.

    The Export quantum has jumped from 978 MT in Q1FY23-24 to 2808 MT in Q1FY24-25, a substantial advancement of 187.12%. The export turnover has increased significantly by 193.38% in Q1FY24-25 to Rs. 77.88 cr compare to Rs. 26.54 cr in Q1FY23-24.

    The increase in export revenue was seen in Q1FY24-25 mainly because of our new compact yarn product offering in quality conscious markets of Europe, Columbia, Egypt, Morocco, Peru and our existing well establish market of Bangladesh, United States, Italy etc. 

    Commenting on the performance of the company, Mr. Anand Mangal, Promoter and Managing Director of Lagnam Spintex said, “The company has given steady performance despite of global economic downturn which has led to uneven demand. With our expansion project the company is focused on optimizing capacity utilization and product mix. Our product quality from expansion project has continued to help us in expanding our market base in both the Domestic and Export markets.”

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous Article17 year old boy with complicated massive heart attack undergoes successful angioplasty stenting at SSB Hospital – Survives
    Next Article Shooting obstructions, film director Amar Raj Chauhan’s upcoming horror comedy film “NH 99” whose shooting was opposed by the Mundari tribe
    Shruti Joshi
    • Website

    Related Posts

    Chandan Healthcare Expands Presence with Two New Diagnostic Centres in New Delhi and Bhopal

    October 18, 2025

    Cupid Limited Achieves CE (EU IVDR) Certification for Pregnancy And Syphilis Test Kits, Paving the Way for Global Expansion in The Multibillion US Dollar IVD Market

    October 18, 2025

    Patil Automation Bags INR 10.82 Crore Order for Onsite Assembly Line Installation

    October 18, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    [fluentform id="4"]
    Advertisement
    Facebook Twitter Instagram Pinterest YouTube
    Top Insights
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    [fluentform id="4"]
    © 2025 The News Cartel.
    • Home

    Type above and press Enter to search. Press Esc to cancel.