- Final Dividend of Rs. 1.50 per share (FV of Rs. 2)
- Total Revenues at Rs173.9cr
- EBITDA at Rs20.3cr
- Profit Before Tax at Rs16.2cr
We have recorded 29% YoY revenue growth in Q4 FY21, albeit on a low base of last year. Margins have been impacted by input cost inflation which we will subsequently pass on to our customers. The commercial vehicle industry sales in Q4 FY21 have been strong led by robust demand for medium and heavy commercial vehicles reflecting the uptick in infrastructure, construction and manufacturing sector, and augurs well for our long terms prospects going forward.
The environment has since evolved with the onset of a new strain of Covid virus infecting certain key States across the country. As a result, we are seeing more localized, micro lockdowns and restrictions being imposed rather than a nation-wide lockdown witnessed last year. However, it is expected that the Indian Government’s initiative of world’s largest vaccination program, now open to all above 18 years, will achieve large scale immunity among the population and economic activities will be back to previous levels in due course.
We are working diligently on strengthening our value proposition to our customers and are confident of our medium to long term prospects. Keeping that in view along with our strong balance sheet, the Board of Directors have declared a final dividend of Rs 1.5/share taking the total dividend for the year to Rs 2.4/share.”
At around 10:15 AM, Indag Rubber was currently trading at Rs91.85 per piece up by Rs1.85 or 2.06% on Sensex.