Cravatex Limited Reports Mixed Q1 Results: Standalone Profit Amidst Consolidated Loss

1 min read Updated on 12 Aug 2025, 07:04 PM

Reviewed by

Ashish TScanX News Team

Overview

Cravatex Limited announced its Q1 financial results, showing a mixed performance. Standalone operations were profitable with revenue of Rs. 144.14 lakhs and a profit of Rs. 44.21 lakhs. However, consolidated results showed a loss of Rs. 136.77 lakhs on revenue of Rs. 2,312.69 lakhs. The company's subsidiaries, BB (UK) Limited and BB Euro GmbH, contributed Rs. 2,554.16 lakhs in total income but reported a combined net loss of Rs. 180.99 lakhs. The standalone EPS was Rs. 1.71, while the consolidated EPS was negative at Rs. 5.29.

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Cravatex Limited , a diversified company, has announced its unaudited financial results for the first quarter, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

On a standalone basis, Cravatex Limited demonstrated a positive financial outcome for Q1:

Revenue from operations stood at Rs. 144.14 lakhs
Total income reached Rs. 279.48 lakhs
The company reported a profit of Rs. 44.21 lakhs
Basic earnings per share (EPS) was Rs. 1.71

Consolidated Results

The consolidated financial picture, however, presented some challenges:

Consolidated revenue from operations was Rs. 2,312.69 lakhs
Total income amounted to Rs. 2,833.65 lakhs
The group recorded a net loss of Rs. 136.77 lakhs

Subsidiary Performance

The consolidated results include the performance of Cravatex's subsidiaries:

BB (UK) Limited and BB Euro GmbH contributed a total income of Rs. 2,554.16 lakhs
These subsidiaries reported a combined net loss of Rs. 180.99 lakhs

Financial Highlights

Particulars (Rs. in lakhs)	Standalone Q1	Consolidated Q1
Revenue from Operations	144.14	2,312.69
Total Income	279.48	2,833.65
Profit/(Loss)	44.21	(136.77)
EPS (Rs.)	1.71	(5.29)

Management Commentary

Rajesh Batra, Chairman and Managing Director of Cravatex Limited, approved the financial results along with the Board of Directors. The company's management and auditors have conducted a thorough review of both standalone and consolidated results.

Audit Review

GPS & Associates, the statutory auditors, have carried out a limited review of the financial results for the quarter, in accordance with the regulatory requirements.

Segment Information

Cravatex Limited continues to operate in a single primary business segment, as noted in the financial statement.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company has prepared the statement in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and other recognized accounting practices and policies.

Investors and stakeholders should note that while the standalone entity has shown profitability, the consolidated results reflect the challenges faced by the group's international operations.

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