Donear Industries reports Revenue from Operations at Rs181.53 crore in Q3 FY22

11 Feb 2022 , 05:59 PM

Donear industries Limited, India’s most reputed and fast-growing fashion fabric brand creating a wide variety of Fabrics today announced its audited financial results for the year ended 31st December, 2021.

The Company reported an 851% increase in YTD profits. With an unprecedented previous financial year, Donear Industries Limited has concluded the third quarter with impressive numbers.

Major Highlights

Revenue from Operations:

• Rs181.53 crore in Q3 FY22 compared to Rs119.33 crore in Q3 FY 21, up by 52.12%
• Rs395.57 crore in YTD FY 22 compared to Rs208.34 crore in YTD FY 21, up by 89.87%

EBITDA

• Rs21.43 crore in Q3 FY 22 compared to Rs3.81 crore in Q3 FY 21, up by 562.47%
• Rs32.78 crore in YTD FY 22 compared to Rs3.85 crore in YTD FY 21, up by 851.43%

PBT

• Rs16.07 crore in Q3 FY 22 compared to Rs-1.16 crores in Q3 FY 21, up by 1481.59%
• Rs16.22 crore in YTD FY 22 compared to Rs-14.35 crores in YTD FY 21, down by 213.04%

Talking about the results, Mr. Rajendra Agarwal, Promoter of the Donear Group said, “These are challenging times for most of the sectors but even during this time, Donear Industries Ltd. has displayed high resilience and have achieved strong performance. We are pleased with the trust and confidence in the brand.

The quarter gave us topline growth mainly driven by Branded Textile along with strong momentum maintained. We are sure that it will only get better from here. Donear Industries Limited has multiple business advancements coming up which will give us the boost we have been looking for,” Rajendra Agarwal added.