Fiberweb (India) Q4 PAT increases 41% yoy in Q4 results

EBITDA for FY21 at Rs23.59cr, 31% yoy growth.

May 31, 2021 04:05 IST India Infoline News Service

Fiberweb (India) Ltd, a leading manufacturer of non-woven fabrics like Spun Bond Fabrics and Melt Blown Fabrics has announced it’s Audited Financial Results for Year ended 31st March, 2021.

Operational Highlights:
  • Revenue for FY21 at Rs108.63cr, 9% yoy growth
  • EBITDA for FY21 at Rs23.59cr, 31% yoy growth
  • PAT for FY21 at Rs14.37cr, 41% yoy growth
  • EPS for FY21 at Rs4.99, 41% yoy growth
Speaking on the occasion Bhavesh P Sheth, President of Fiberweb (India) Ltd said - “We have achieved profit growth of more than 41% for FY21 despite export ban for our main product Melt Blown Fiber to our key export markets.

We have quickly shifted our focus to domestic markets & added more than 25 new customers in the domestic markets without any marketing which shows strong brand recognitions among the customers. Last year was the difficult year for the whole country and the world but this has provide us opportunity to help the society.”

On Monday, Fiberweb (India) ended at Rs38.65 apiece down by Rs4.1 or 9.59% from its previous closing of Rs42.75 apiece on the BSE.

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