Board approves Q1 FY27 results, appoints cost auditor for FY27
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Garment Mantra Lifestyle board approved Q1 FY27 results on July 28, 2026. Standalone net profit fell to Rs 103.14 lakhs (from Rs 201.22 lakhs YoY) on revenue of Rs 2,013.39 lakhs. Consolidated net profit rose to Rs 279.01 lakhs (from Rs 247.31 lakhs YoY) on revenue of Rs 6,197.24 lakhs. Mr. B. Venkateshwar was appointed as cost auditor for FY 2026-27. Also, 1.4 crore partly paid-up equity shares were forfeited for non-payment of call monies from the rights issue.
Mixed Q1 results: standalone profit halved YoY while consolidated grew. Share forfeiture shows rights issue call defaults. Cost auditor appointment is routine.