Mafatlal Industries Ltd Q3 net profit rises 43 percent to Rs 24 crore

Textiles major Mafatlal Industries Ltd reported a 43 percent rise in net profit to Rs 24 crore ($2.8 million) for the third quarter ended December 2024, as against Rs 17 crore in the year ago quarter.

The company’s revenue for the quarter rose by 117 percent to Rs 910 crore, as against Rs 420 crore in the corresponding quarter of the previous fiscal year.

The year-on-year growth in quarterly revenue from operations was largely fuelled by the successful execution of consumer durable orders, a segment that was not part of the business portfolio in the Q3 of previous financial year.

Commenting on the results, M B Raghunath, CEO of Mafatlal in a statement said, “In light of our performance, we are pleased to report a strong result for nine months, achieving a highest ever topline, operating EBITDA and PAT. This success reflects the effective implementation of our robust strategy and excellence in execution.”

“Operationally, we have successfully executed orders, which has been a key driver of our growth. Additionally, we continue to explore opportunities within our supply chain network and see promising opportunities in the textiles, digital infrastructure and consumer durable domain,” he added.

Mafatlal Industries Limited, a flagship company of the Arvind Mafatlal Group has a strong presence in the textile industry offering a wide range of products that include suitings, shirts, fabrics, voiles, uniforms, and more.