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Cravatex reports consolidated net profit of Rs 85.38 crore in the December 2022 quarter

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Capital Market

Sales decline 45.37% to Rs 87.10 crore

Net profit of Cravatex reported to Rs 85.38 crore in the quarter ended December 2022 as against net loss of Rs 3.66 crore during the previous quarter ended December 2021. Sales declined 45.37% to Rs 87.10 crore in the quarter ended December 2022 as against Rs 159.43 crore during the previous quarter ended December 2021. ParticularsQuarter EndedDec. 2022Dec. 2021% Var.Sales87.10159.43 -45 OPM %-18.981.40 -PBDT-17.721.03 PL PBT-20.63-3.09 -568 NP85.38-3.66 LP

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First Published: Feb 14 2023 | 7:44 AM IST

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