Garment Mantra Lifestyle Limited , a prominent player in the textile industry, has announced a significant boost to its order book with a new export contract from the Middle East. The company has secured an order worth Rs. 178.05 million (approximately $2.02 million) from AL Rahmat Textiles L.L.C. Imports & Exports, reinforcing its position in the Middle Eastern market.

Order Details and Execution Timeline

The export order, which includes dyed and printed fabrics as well as made-ups dress material, is set to be executed by December 31, 2025. This substantial contract not only demonstrates the company's growing international presence but also provides a clear revenue stream for the coming quarters.

Management's Perspective

Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, expressed enthusiasm about the new order, stating, "We are proud to announce the receipt of this order from the Middle East. This order will strengthen our position in the Middle East market. We are confident it will create meaningful value for our customers."

Aggarwal further emphasized the company's commitment to execution excellence and leveraging this momentum for sustained and inclusive growth, along with timely delivery of products meeting expected quality standards.

Current Financial Year Performance

The company has reported strong performance in the current financial year:

Garment Mantra Lifestyle has already recorded shipments worth approximately Rs. 300 million during the current financial year. These shipments, executed across multiple consignments, cater to a wide spectrum of customers, reflecting the company's strong market reach and sustained demand for its products.

Robust Order Pipeline

In addition to the executed shipments, the company maintains a healthy unexecuted order book of around Rs. 500 million. These orders are scheduled for progressive delivery and are expected to be completed on or before March 31, 2026. The substantial order pipeline underscores customer confidence in the company's capabilities, quality standards, and commitment to timely delivery.

Revenue Visibility and Growth Outlook

The combination of executed sales and a strong forward order book provides clear revenue visibility for the remainder of the financial year. This outlook further strengthens the company's business prospects and growth momentum in the textile sector.

As Garment Mantra Lifestyle Limited continues to expand its international footprint, particularly in the Middle East, the company appears well-positioned to capitalize on growing demand for its textile products. The successful execution of this latest order could pave the way for further opportunities in the region and contribute to the company's long-term growth strategy.

Garment Mantra Lifestyle Limited , a prominent player in the fabric and garment industry, has reported a substantial increase in its financial performance for the quarter ended June 30. The company's standalone net profit surged by an impressive 453% to ₹201.22 crore, compared to ₹36.35 crore in the same period last year.

Financial Highlights

• Net Profit: Standalone net profit increased to ₹201.22 crore from ₹36.35 crore year-over-year.
• Revenue: Revenue from operations declined to ₹2,118.00 crore from ₹2,546.41 crore in the previous year.
• Exceptional Items: The company recorded exceptional items of ₹195.11 crore from profit on sale of fixed assets.

Consolidated Performance

On a consolidated basis, Garment Mantra Lifestyle Limited demonstrated strong growth:

• Net Profit: Increased to ₹247.31 crore from ₹70.28 crore year-over-year.
• Revenue: Consolidated revenue decreased to ₹3,716.10 crore from ₹4,069.41 crore.

Key Developments

1. Rights Issue: During the period, the company issued 39.15 crore partly paid-up rights equity shares at ₹0.30 per share.
2. Cost Audit: The board approved the cost audit report.
3. New Appointment: B Venkateswar was appointed as Cost Auditor.

Financial Results Table

Company Overview

Garment Mantra Lifestyle Limited operates in the manufacturing, selling, and distribution of fabrics and hosiery garments. The company's diverse portfolio and strategic operations have contributed to its strong financial performance despite the decrease in revenue.

The significant increase in net profit, despite a decline in revenue, can be attributed to the exceptional item of ₹195.11 crore from the sale of fixed assets and potentially improved operational efficiencies.

Investors and stakeholders will be keenly watching Garment Mantra Lifestyle Limited's future performance, especially given the contrast between profit growth and revenue decline. The company's ability to maintain profitability while addressing the challenges in revenue generation will be crucial in the coming quarters.