Lexus Granito (India) Q1 Results Revenue at ₹17.78 Crores & Operating Loss of ₹2.76 Crores

Lexus Granito (India) Q1 Results: Lexus Granito (India) total revenue for June 2024 was ₹17.78 crores, which is much lower than ₹63.85 crores in March 2023 and ₹31.57 crores in June 2023. This means the company's income from sales dropped significantly by 36.51% from the last quarter and by 43.69% compared to the same time last year.

Lexus Granito (India) costs for selling, general, and administrative expenses were ₹0.59 crores in June 2024, which increased by 18.44% from March 2023 but decreased by 40.20% from June 2023. The depreciation and amortization expenses, which show the reduction in value of their assets, were ₹1.99 crores, down 60.19% from March 2023 and 22.10% lower than June 2023.

Lexus Granito (India)‘s total operating expenses were ₹20.54 crores, lower than both March 2023 and June 2023. However, Lexus Granito still had an operating loss of ₹2.76 crores, though it improved from a bigger loss of ₹9.32 crores in March 2023. The net loss before taxes was ₹3.87 crores in June 2024, also better than March 2023. Despite these losses, the diluted normalized earnings per share (EPS) improved slightly from March 2023 but were still negative.

The table shows how Lexus Granito (India) performed financially in the first quarter (Q1) of 2024 compared to the previous quarter (Q4) of 2023 and the same quarter (Q1) of 2023.

Source: Here 

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Lexus Granito (India) Q1 Results

Lexus Granito (India) released its financial results for the quarter ending on June 30, 2024, and compared them with previous periods. The company’s revenue from operations was ₹1,777.88 million in this quarter, significantly lower than the ₹2,776.76 million recorded in the same quarter last year. This indicates a decline in the company’s sales or services. Along with other income, the total income for the quarter stood at ₹1,779.76 million, again showing a reduction compared to the previous year’s ₹2,783.28 million.

Lexus Granito (India) on the expense side, the cost of materials consumed was ₹600.61 million, slightly higher than the previous year’s ₹567.60 million. However, the changes in the stock of finished goods, work-in-progress, and stock-in-trade show a notable adjustment, with a negative figure of ₹436.98 million this quarter compared to a positive ₹1,221.99 million last year, indicating that the company had more inventory adjustments.

Other significant expenses include employee benefits at ₹59.21 million and depreciation at ₹113.06 million. Despite these costs, the company faced a total expense of ₹2,166.63 million, which is lower than the previous year. However, due to lower income, Lexus Granito reported a loss of ₹376.24 million for this quarter, compared to a loss of ₹815.34 million in the same period last year.

Lexus Granito (India)’s overall financial health in this quarter shows challenges, with reduced income leading to losses, though the loss was smaller than last year’s.

Lexus Granito (India) Stock Performance

Lexus Granito (India) has a market capitalization of ₹85.1 Crores, meaning its total value in the stock market is ₹85.1 Crores. The current share price is ₹42.1, and over the past year, the highest price was ₹56.7, while the lowest was ₹31.6. The company has a book value of ₹4.62 per share, indicating the value of its assets.

Here's the information presented in a table format:

Quarterly Results 

For Lexus Granito (India), the financial performance in the last three quarters shows a challenging period. In December 2023, the company had sales of Rs. 26.55 Crores but faced high expenses leading to a small operating loss. By March 2024, sales increased slightly to Rs. 27.77 Crores, yet the company struggled with even higher expenses, resulting in a bigger operating loss and negative net profit. 

Here’s the full information: 

Figures in Rs. Crores

About Lexus Granito (India) 

Lexus Granito (India) is a well-known company in the ceramic industry, part of the Lexus Group. It is managed by a team of young entrepreneurs led by Founder Director Mr. Babulal Detroja. The company specializes in creating a wide range of ceramic products, including elegant wall tiles, durable floor tiles, and stylish decorative elevation tiles. Lexus Granito is recognized for its high-quality products and innovative designs. They use advanced high-definition digital printing to create unique and detailed patterns on their tiles. 

Lexus Granito (India) focus on modern technology and design sets them apart from others in the industry. The company's core management team includes Mr. Babulal Detroja as Chairman, Nilesh Detroja as Managing Director, Anil Detroja as Finance Director, and Hitesh Detroja as Marketing Director.

Lexus Granito is committed to staying updated with the latest trends and continuously improving their products and services. Their goal is to provide exceptional quality and modern designs to meet the changing needs of the ceramic market.