Emmbi Industries reports Q4 revenue of Rs109cr; Stock trades higher

Company delivers largest quarterly revenue in the 24-year history.

Jun 29, 2021 01:06 IST India Infoline News Service

Emmbi Industries Ltd has reported its financial results for the period ended 31st March , 2021.

FY21 Performance Highlights:
  • Company delivers largest quarterly revenue in the 24-year history.
  • Q4 Revenue at Rs108.8cr, qoq growth of 28.53% in Value.
Financial Results (Q4 FY20-21) - yoy comparison:
  • The company has reported total revenue of Rs108.8cr during the period ended 31st March, 2021 as compared to Rs84.6cr during the period ended 31st March, 2020.
  • The company has posted net profit / (loss) of Rs3.06cr for the period ended 31st March, 2021 as against net profit / (loss) of Rs3.74cr for the period ended 31st March, 2020.
Commenting on the performance Makrand Appalwar, Chairman & Managing Director, Emmbi Industries Limited said, “Our fungible manufacturing facility, and diversification of states in rural markets really proved to be helpful. Seeing a slowdown in rural markets, certain capacities were diverted into exports. This is, in part, responsible for the quick upturn of the company from Q1 to 04.

In addition, we had worked on diversifying states for pond lining which reduced the risks associated with lockdowns in any one particular state. We are incredibly excited to have delivered a great Q4, and are confident that we will be able to sustain momentum in the coming year.”

At around 1:23 PM, Emmbi Industries was trading at Rs97.05 per piece up by Rs0.55 or 0.57% on Sensex.

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