Haria Apparels Reports Rs 32.24 Crore Net Profit in Q1, Revenue Surges to Rs 96.62 Crore

1 min read Updated on 14 Aug 2025, 11:54 PM

Reviewed by

Shriram SScanX News Team

Overview

Haria Apparels Ltd, a Mumbai-based apparel company, has reported a significant turnaround in its Q1 financial performance. The company's revenue from operations reached Rs 96.62 crore, with a total income of Rs 156.39 crore. Net profit stood at Rs 32.24 crore, compared to a loss of Rs 4.45 crore in the same quarter last year. The Earnings Per Share (EPS) improved to Rs 0.21 from -Rs 0.03. Total expenditure for the quarter was Rs 124.15 crore. The company's statutory auditors conducted a limited review and found no issues with the financial results.

*this image is generated using AI for illustrative purposes only.

Haria Apparels Ltd , a Mumbai-based apparel company, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by its Board of Directors, show a marked improvement in both revenue and profitability.

Financial Highlights

Revenue from Operations: Rs 96.62 crore
Total Income: Rs 156.39 crore (including other income of Rs 59.77 crore)
Net Profit: Rs 32.24 crore (compared to a loss of Rs 4.45 crore in the same quarter of the previous fiscal year)
Earnings Per Share (EPS): Rs 0.21 (improved from -Rs 0.03 in the corresponding quarter of the previous year)

Operational Performance

The company's operational efficiency has shown considerable improvement. Here's a breakdown of the key expenditures:

Expenditure Category	Amount (Rs in crore)
Purchase of traded goods	93.80
Other expenditure	18.27
Employee benefits	5.20
Depreciation and Amortisation	4.54
Finance Costs	2.34

Total expenditure for the quarter stood at Rs 124.15 crore.

Management Commentary

The Board of Directors reviewed and approved these results in their meeting. The meeting also saw the approval of the Limited Review Report provided by the company's statutory auditors, M/s. Rakchamps & Co. LLP, Chartered Accountants.

Auditor's Review

The statutory auditors conducted a limited review of the financial results in accordance with the Standard on Review Engagements (SRE) 2410. They reported that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and SEBI regulations.

Outlook

The significant improvement in financial performance, particularly the shift from a loss to a substantial profit, indicates a positive trend. The company's ability to generate revenue from operations this quarter, compared to nil revenue in the previous quarters, suggests a potential revival in its core business activities. However, it's worth noting that a significant portion of the total income still comes from other income sources.

As Haria Apparels continues to navigate the dynamic apparel industry landscape, its focus on operational efficiency and revenue growth will be crucial for maintaining this positive momentum.

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