Shares of Campus Activewear Ltd. gained over 7% on Monday, February 2, following the announcement of their third quarter earnings. According to reports from CNBC TV18, the stock ended 5.4% higher after reaching gains of as much as 8% during the trading session. The stock closed at ₹269, still below its IPO price of ₹292.
The company's third quarter results showed significant improvement across all key metrics for the October-December period. As reported by CNBC TV18, net profit rose 37% to ₹63.7 crore from ₹46.5 crore in the third quarter of the previous year. Revenue increased 14.3% to ₹588.6 crore compared to ₹514.8 crore in the same period last year.
The company's operational efficiency showed marked improvement with EBITDA increasing 34.5% to ₹110.3 crore from ₹82 crore in the third quarter of the previous fiscal. According to CNBC TV18, margins expanded sharply to 18.7% from 15.9% in the year-ago period, indicating better cost management and operational leverage.
The third quarter results demonstrated strong performance across all financial parameters for Campus Activewear. As reported by CNBC TV18, the company achieved gains in revenue, profit, and margins compared to the corresponding quarter of the previous year, reflecting improved business fundamentals and operational efficiency during the October-December period.
