Le Lavoir Ltd Share Price – BSE

Miscellaneous, Small Cap

Net profit of Le Lavoir rose 37.04% to Rs 0.37 crore in the quarter ended March 2024 as against Rs 0.27 crore during the previous quarter ended March 2023. Sales rose 9.52% to Rs 0.69 crore in the quarter ended March 2024 as against Rs 0.63 crore during the previous quarter ended March 2023.

For the full year,net profit rose 85.71% to Rs 1.04 crore in the year ended March 2024 as against Rs 0.56 crore during the previous year ended March 2023. Sales rose 13.07% to Rs 1.99 crore in the year ended March 2024 as against Rs 1.76 crore during the previous year ended March 2023.

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LE Lavoir will hold a meeting of the Board of Directors of the Company on 29 May 2024

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Le Lavoir has entered into an agreement with Associated Hospitality (under brand name of AHPL) for providing wet cleaning, washing and dry-cleaning services to Fairfield by Marriott, Mumbai International Airport (Marriott) for a period of 2 years from the date of entrance into agreement.

Under the brand name Le Lavoir, the company is targeting to reach various institutions and also plans to enter the retail market segment to address consumer needs.

Focused on expanding its reach on pan India basis, the company plans to open several other laundry units apart from its Mumbai facility over the coming years.

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Net profit of Le Lavoir declined 6.67% to Rs 0.28 crore in the quarter ended December 2023 as against Rs 0.30 crore during the previous quarter ended December 2022. Sales declined 37.50% to Rs 0.45 crore in the quarter ended December 2023 as against Rs 0.72 crore during the previous quarter ended December 2022.

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