Garment Mantra Lifestyle Reports 453% Jump in Quarterly Net Profit to ₹201 Crore
Garment Mantra Lifestyle Limited reported a 453% increase in standalone net profit to ₹201.22 crore for Q1 FY2026, up from ₹36.35 crore in the previous year. This significant profit surge came despite a 16.82% decline in revenue from operations to ₹2,118.00 crore. The company's exceptional performance was largely attributed to a ₹195.11 crore profit from the sale of fixed assets. On a consolidated basis, net profit rose to ₹247.31 crore from ₹70.28 crore. The company also issued 39.15 crore partly paid-up rights equity shares and appointed B Venkateswar as Cost Auditor.
29Jul 25
Garment Mantra Lifestyle Extends First Call Payment Window for Partly Paid-Up Shares
Garment Mantra Lifestyle Limited has revised the payment period for the First Call on partly paid-up equity shares. The new payment window is from August 4 to August 18, 2025, extending the previous deadline. Shareholders must pay ₹0.30 per share (₹0.25 towards paid-up value, ₹0.05 for share premium). Payment methods include online ASBA, physical ASBA, and online 3-in-1 accounts. Failure to pay may result in interest charges, dividend deductions, or share forfeiture. Trading of ₹0.25 partly paid-up shares is suspended, with new ₹0.50 shares expected to trade within three weeks after the payment deadline.
Garment Mantra Lifestyle Limited reported robust Q1 results, with export revenue reaching Rs. 74.20 crore, driven by increased orders from Middle East and Southeast Asia. The company expanded its domestic presence, focusing on Tier-2 cities. A significant milestone was securing and completing its first government order worth Rs. 47.18 crore, marking entry into institutional sales. Managing Director Prem Aggarwal expressed satisfaction with the performance, highlighting the company's growing international recognition and capability to meet institutional requirements.