Shares of Lovable Lingerie shed over 6%, touching the monthly low of Rs308, after reporting 43% quarter-on-quarter (q-o-q) fall in net sales at Rs19 crore for the quarter ended March 2012. The operating profit margins too, slipped more than 500 bps from 16.4% to 10.89% in the quarter under review.
Net profit however, surged 85% to Rs6.52 crore on q-o-q basis, mainly due to higher income from other sources. The company, one of India's leading women's innerwear manufacturers, has earned other income of Rs 5.50 crore in Q4FY12 against Rs 0.28 crore in the previous quarter.
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Net profit however, surged 85% to Rs6.52 crore on q-o-q basis, mainly due to higher income from other sources. The company, one of India's leading women's innerwear manufacturers, has earned other income of Rs 5.50 crore in Q4FY12 against Rs 0.28 crore in the previous quarter.
....more info