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Black Rose Industries records stellar Q3FY21 result; stock gains 2%

Demand during the third quarter of FY21 continued to rise on the back of strong recovery across most of the company’s markets

February 09, 2021 2:42 IST | India Infoline News Service
Black Rose Industries Limited has declared it's financial year performance for the third quarter and nine months ended December 31st, 2020.

Performance Review:

Demand during the third quarter of FY21 continued to rise on the back of strong recovery across most of the company’s markets. Requirements from the textiles and dyes sector finally started to pick up while other sectors such as paints, ceramic tiles, tyres, adhesives, and pharmaceuticals extended their gains.

Disruptions in international logistics due to container shortages and delays caused tightness in material supplies across industries. The company’s focus on maintaining adequate stocks of its distribution and manufacturing products allowed it to gain market share.

The share of manufactured products in the revenue of the company increased. Key financial indicators further improved during the period. Net profit margin increased by more than 4% to 13% and EBITDA margins are now at 18.7%. Profits for the quarter again hit an all-time high.

Standalone Financial Highlights:
  • Total Revenue is Rs74.54cr in Q3 FY21 compared to Rs66.77cr in Q2 FY21, an increase of 12%
  • EBITDA stood at Rs13.94cr compared to Rs9.08cr during Q2 FY21, an increase of 54%
  • PBT stood at a profit of Rs13.03cr for Q3 FY21 compared to Rs7.97cr in Q2 FY21, an increase of 63%
  • PAT stood at a profit of Rs9.70cr for Q3 FY21 compared to Rs5.97cr in Q2 FY21, an increase of 62%

Black Rose Industries Ltd is currently trading at Rs138.60 per piece up by Rs3.35 or 2.48% from its previous closing of Rs135.25 on the BSE, at around 2:45 PM

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