MK Exim (India) Limited, a player in the fabric, garments, and cosmetics sectors, has released its unaudited standalone financial results for the quarter and half-year ended September 30, revealing a mixed performance.

Revenue and Profitability

The company reported a quarterly revenue from operations of ₹1,843.86 crore, marking a decrease from ₹2,232.16 crore in the previous quarter. Despite the revenue dip, M.K. Exim managed to maintain profitability, with a net profit of ₹388.44 crore for the quarter, compared to ₹709.96 crore in the prior quarter.

Half-Year Performance

For the half-year period, M.K. Exim's total revenue reached ₹4,544.57 crore, with a net profit of ₹1,098.40 crore, indicating sustained performance over the six-month timeframe.

Segment-wise Revenue

The company operates in two main segments:

The cosmetics segment emerged as the primary revenue driver for the quarter.

Financial Metrics

• Earnings per share (EPS) for the quarter stood at ₹0.59, down from ₹1.32 in the previous quarter.
• The company's balance sheet shows total assets of ₹11,077.41 crore, up from ₹10,071.36 crore at the end of the previous fiscal year.
• Cash and cash equivalents decreased to ₹172.04 crore from ₹410.84 crore at the beginning of the fiscal year.

Corporate Governance

The Board of Directors met on November 5 to approve these results. In line with regulatory requirements, the trading window for insiders will reopen 48 hours after the declaration of results.

Segment Performance

Both main segments of M.K. Exim showed positive results before tax and finance costs:

The cosmetics segment continues to be the major profit contributor for the company.

Outlook

While M.K. Exim has experienced a quarter-on-quarter revenue decline, its ability to maintain profitability and positive segment results suggests resilience in its business model. The company's focus on both fabric and garments, as well as cosmetics, provides diversification that may help in navigating market fluctuations.

MK Exim (India) Ltd, a leading player in the textile and cosmetics industry, has reported a remarkable 88% year-on-year increase in net profit for the quarter ended June 30. The company's financial performance showcases significant growth across key metrics, with its cosmetics segment emerging as the primary driver of success.

Financial Highlights

• Net profit soared to ₹681.36 crore, up from ₹362.82 crore in the same quarter last year.
• Revenue from operations climbed to ₹2,677.96 crore, marking a 32.6% increase from ₹2,019.71 crore in the previous year.
• Earnings per share (EPS) improved to ₹1.69, compared to ₹0.90 in the corresponding quarter of the previous year.

Segment-wise Performance

The company's financial results reveal a strong performance across its business segments:

The cosmetics segment emerged as the standout performer, contributing significantly to both revenue and profitability. The fabric and garments segment also showed positive results, albeit on a smaller scale.

Operational Performance

MK Exim's operational efficiency is evident in its ability to manage expenses effectively:

• Employee benefit expenses increased to ₹169.65 crore from ₹112.86 crore in the previous year.
• Finance costs decreased to ₹1.54 crore from ₹2.71 crore, indicating improved financial management.
• Other expenditure rose to ₹352.73 crore from ₹275.54 crore, reflecting the expanded scale of operations.

Management Commentary

Manish Murlidhar Dialani, Managing Director of MK Exim (India) Ltd, stated, "We are pleased to report a strong start to the fiscal year, with significant growth in both our top and bottom lines. Our cosmetics segment has shown exceptional performance, while our textile business continues to contribute steadily. These results reflect our strategic focus and operational efficiency."

Corporate Governance

The Board of Directors approved the unaudited standalone financial results in their meeting held on August 5. In line with regulatory requirements, the company has announced that the trading window for insiders will reopen 48 hours after the declaration of results, demonstrating its commitment to transparency and compliance.

MK Exim (India) Ltd's strong quarterly performance underscores its resilience and growth potential in both the textile and cosmetics sectors. As the company continues to leverage its strengths across segments, investors and industry observers will be keenly watching its progress in the upcoming quarters.