Lorenzini Apparels Ltd Share Price – NSE  / BSE

Textiles, Small Cap

Net profit of Lorenzini Apparels rose 151.35% to Rs 1.86 crore in the quarter ended June 2024 as against Rs 0.74 crore during the previous quarter ended June 2023. Sales rose 6.90% to Rs 15.18 crore in the quarter ended June 2024 as against Rs 14.20 crore during the previous quarter ended June 2023.

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Lorenzini Apparels will hold a meeting of the Board of Directors of the Company on 12 August 2024.

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The Board of Lorenzini Apparels at its meeting held on 30 May 2024 has approved the conversion of 2,47,230 warrants into 2,47,23,00 equity shares of face value of Rs. 1/- each, out of the 10,38,37,10 warrants allotted on 05 October 2023 on preferential basis.

Consequent to sub-division/split in face value of equity shares from Rs. 10/- each to Re 1/-, resulting into 10 equity shares of Re 1/- each for existing 1 equity share of Rs. 10/- each, conversion ratio for outstanding warrant stand changed to 1 warrant is convertible, into 10 (Ten) equity shares of Re 1.

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Net profit of Lorenzini Apparels declined 40.74% to Rs 0.32 crore in the quarter ended March 2024 as against Rs 0.54 crore during the previous quarter ended March 2023. Sales declined 3.58% to Rs 9.97 crore in the quarter ended March 2024 as against Rs 10.34 crore during the previous quarter ended March 2023.

For the full year,net profit rose 110.32% to Rs 5.30 crore in the year ended March 2024 as against Rs 2.52 crore during the previous year ended March 2023. Sales rose 25.14% to Rs 54.76 crore in the year ended March 2024 as against Rs 43.76 crore during the previous year ended March 2023.

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