Pearl Global Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2024
Published on 11/12/2024 at 09:00
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Pearl Global Industries Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 12,019.18 million compared to INR 9,605.92 million a year ago. Revenue was INR 12,146.41 million compared to INR 9,679.26 million a year ago. Net income was INR 584.75 million compared to INR 396.78 million a year ago. Basic earnings per share from continuing operations was INR 12.9 compared to INR 9.16 a year ago. Diluted earnings per share from continuing operations was INR 12.77 compared to INR 9.11 a year ago.
For the six months, sales was INR 22,547.18 million compared to INR 18,548.04 million a year ago. Revenue was INR 22,770.24 million compared to INR 18,695.68 million a year ago. Net income was INR 1,238.24 million compared to INR 877.35 million a year ago. Basic earnings per share from continuing operations was INR 27.31 compared to INR 20.25 a year ago. Diluted earnings per share from continuing operations was INR 26.78 compared to INR 20.17 a year ago.
Pearl Global Industries Limited is an India-based multinational cloth manufacturing company. The Company is engaged in manufacturing, sourcing, distribution, and export of ready-to-wear apparel through its domestic and global facilities and operations. The Company provides end-to-end supply chain solutions to brands across the globe. The Company provides apparel solutions to fashion brands and corporate customers across various categories. Its product range includes knits, woven, denim, outerwear, activewear and athleisure, sleepwear, and lounge, childrenswear and workwear. The Company's geographical segments include Bangladesh, Hong Kong, India, Vietnam, and Others. The Company's subsidiaries include SBUYS E-Commerce Limited, Pearl Global Kaushal Vikas Limited, Sead Apparels Private Limited, Pearl Global Fareast Limited, Pearl Global (HK) Limited, Norp Knit Industries Limited, Pearl Global USA, Inc., Pearl GT Holdco Ltd, A & B Investment Limited, and others.
