Moneycontrol
Feb 14, 2018 03:20 PM IST | Source: Moneycontrol.com

Lovable Lingerie, Max Ventures gain 9-13% on strong Q3 performance

Max Ventures has turned profitable in the Q3 (Oct-Dec) as it posted consolidated net profit at Rs 10.1 crore against loss of Rs 2.7 crore in year-ago period.

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Shares of Lovable Lingerie and Max Ventures rose 9-13 percent intraday Wednesday on the back strong Q3 performance.

Lovable Lingerie has reported Q3 net profit to Rs 2.3 crore from Rs 0.1 crore but revenue declined 1.5 percent to Rs 39.8 crore YoY.

The company had reported one-time loss of Rs 2 crore in Q3FY17.

Operating profit grew by 3.7 percent year-on-year to Rs 4.2 crore and margin expanded by 50 basis points to 10.6 percent in Q3.

Max Ventures has turned profitable in the Q3 (Oct-Dec) as it posted consolidated net profit at Rs 10.1 crore against loss of Rs 2.7 crore in year-ago period.

Revenue from operations increased 26.2 percent to Rs 210 crore and operating profit grew nearly 3-fold to Rs 24.9 crore (Rs 8.7 crore YoY) and margin expanded 660 basis points to 11.8 percent YoY.

At 15:15 hrs Max Ventures and Industries was quoting at Rs 89.85, up 8.51 percent and Lovable Lingerie was quoting at Rs 235.35, up 5.66 percent on the BSE.

Posted by Rakesh Patil
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