Fairfield Marriott Order Boosts Multibagger Stock by 9%

India-based diverser consumer services company LE Lavoir Ltd has finalized a deal with Associated Hospitality Private Limited (AHPL) to offer wet cleaning, washing, and dry-cleaning services to Fairfield by Marriott, Mumbai International Airport, for a duration of two years starting from the agreement date, as stated in the company filing.
With a market capitalization of Rs 29.48 crore, the shares of LE Lavoir Ltd were trading at Rs 91.00 per share, increasing around 0.33 percent as compared to the previous closing of Rs 90.70 apiece.
Additionally, the company aims to expand its outreach by targeting various institutions and entering the retail market segment to satisfy consumer needs. It plans to expand its laundry operations beyond the Mumbai facility, intending to establish multiple additional units across India in the coming years, thereby enhancing its nationwide presence.
Looking into the company’s financial, LE Lavoir Ltd’s revenue decreased by 37 percent from Rs 0.72 crore in Q3FY23 to 0.45 Crore in Q3FY24. During the same period, net profits decreased by 6 percent from Rs 0.30 crore to Rs 0.28 crore.
Over the previous six months, it has returned 4.41 percent, with a multi-bagger return of 105.72 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm will be Rs. 2.05 lakh in a year.
The company’s profitability measures show a rise in return on equity (RoE) from 6.98 percent in FY 21-22 to 11.52 percent in FY 22-23, while, during the same period return on capital employed (RoCE) grew from 8.27 percent to 13.25 percent.

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