This textile company engaged in manufacturing, selling and distribution of fabrics, hosiery garments, and more has received an order from the Ministry of Ayush, Government of India for supply of 1,25,000 Yoga Mats.
With the market capitalization of Rs. 110 crore, the shares of Garment Mantra Lifestyle Ltd are trading at Rs.1.80 per share in today’s market. After this news, shares of the company increased by 4%.
Garment Mantra Lifestyle Ltd’s wholly owned subsidiary ,Hylex Fashion Private Ltd has received the order of manufacturing and supplying 1.25 lakh yoga mats from the Ministry of Ayush, Government of India for a consideration of Rs. 4.22 Crores and the time period of this contract is to be executed by June 26, 2025.
Managing Director of Garment Mantra Lifestyle Limited, Mr. Prem Aggarwal, feels proud after receiving the order from Govt of India and states this as an important milestone in Garment Mantra Lifestyle’s growth journey. This development marks a significant recognition of our capabilities and underscores the trust placed in us as a reliable partner for the Fit India Movement.
Garment Mantra Ltd is in the business of manufacturing, selling and distribution of fabrics, hosiery garments, and providing related services. The company deals in garment manufacturing and selling of both Knitted Fabrics and Knitted Garments which are 100% cotton, 100% polyester, blended (cotton and polyester) and printed polyester fabrics in the production of garments. It has 10 retail stores and 5000+ SKUs with brands like Hylex, Monk, and Helicon.
The company’s sales have gone up to Rs. 35.04 crore in Q4FY25 from Rs. 22.06 crore last year, accompanied by increasing profits of Rs. 0.37 Crores to Rs. 1.30 Crores. It has a ROE of 7.39 percent and 7.42 percent.
Written by Manideep Appana
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