Mandhana Industries, an integrated textile manufacturer and which also has the license to market ‘Being Human’ apparel brand, reported a steep fall in q-o-q revenue in the first quarter ending June 30, 2014 of fiscal year 2014-15.
Revenues at Mandhana fell 28.69 percent q-o-q to Rs 316.33 crores in the quarter under review, compared to Rs 443.66 crore during its previous quarter ended March 31, 2014.Mandhana Industries, an integrated textile manufacturer and which also has the license to market 'Being Human' apparel brand, reported a steep fall in#
In the period ending June 30, 2014, gross profit too was down to Rs 58.05 crores from Rs 77.39 crores in quarter ending March 31, 2014.
Net profit also slipped to Rs 16.06 in quarter ending June 30, down 38% from Rs 25.88 crore in quarter ending March 31, 2014.
In the process, EPS also dropped to Rs 4.85 from Rs 7.81.
Fibre2fashion News Desk - India
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