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Lagnam Spintex (NSE:LAGNAM) Gross Profit : ₹591 Mil (TTM As of Jun. 2024)


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What is Lagnam Spintex Gross Profit?

Lagnam Spintex's gross profit for the three months ended in Jun. 2024 was ₹394 Mil. Lagnam Spintex's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was ₹591 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lagnam Spintex's gross profit for the three months ended in Jun. 2024 was ₹394 Mil. Lagnam Spintex's Revenue for the three months ended in Jun. 2024 was ₹1,600 Mil. Therefore, Lagnam Spintex's Gross Margin % for the quarter that ended in Jun. 2024 was 24.64%.

Lagnam Spintex had a gross margin of 24.64% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 11 years, the highest Gross Margin % of Lagnam Spintex was 21.64%. The lowest was 9.69%. And the median was 18.37%.

Warning Sign:

Lagnam Spintex Ltd gross margin has been in long-term decline. The average rate of decline per year is -8.1%.


Lagnam Spintex Gross Profit Historical Data

The historical data trend for Lagnam Spintex's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lagnam Spintex Gross Profit Chart

Lagnam Spintex Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 226.81 372.66 716.75 445.20 392.62

Lagnam Spintex Quarterly Data
Mar19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 195.70 157.49 207.05 -167.70 394.18

Competitive Comparison of Lagnam Spintex's Gross Profit

For the Textile Manufacturing subindustry, Lagnam Spintex's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lagnam Spintex's Gross Profit Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lagnam Spintex's Gross Profit distribution charts can be found below:

* The bar in red indicates where Lagnam Spintex's Gross Profit falls into.



Lagnam Spintex Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Lagnam Spintex's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )=Revenue - Cost of Goods Sold
=4051.95 - 3659.326
=393

Lagnam Spintex's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=1599.71 - 1205.527
=394

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹591 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Lagnam Spintex's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=394 / 1599.71
=24.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Lagnam Spintex  (NSE:LAGNAM) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Lagnam Spintex had a gross margin of 24.64% for the quarter that ended in Jun. 2024 => Competition eroding margins


Lagnam Spintex Gross Profit Related Terms

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Lagnam Spintex Business Description

Traded in Other Exchanges
N/A
Address
A-51-53, RIICO Growth Centre Hamirgarh, Bhilwara, RJ, IND, 311001
Lagnam Spintex Ltd is an Indian textile company. The company is engaged in the business of manufacturing high-quality yarn for the domestic and export markets. The company's operation is predominantly related to textiles. Hence primary reportable segment is textile only. Its yarn products are used in Denim, Terry Towels, Bottom Wears, Home Textiles, and Industrial Fabrics. It exports cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh, and others.

Lagnam Spintex Headlines

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