Indo Count Industries Q4 PAT rises multifold to Rs58cr; Total income grows by a whopping 66% yoy

The company delivered record sales volume of 78.2 Mn metres for FY21, a growth of 26% yoy. It has recommended a Final Dividend of Rs1.50 per equity share.

May 18, 2021 10:05 IST India Infoline News Service

Quarterly Results
Indo Count Industries Limited announced its audited financial results for the Quarter and Year ended March 31, 2021, on Monday. The company’s total income was at Rs705cr in Q4FY21 compared to Rs425cr in Q4FY20, a growth of 66% yoy. In FY21, revenue stood at Rs2,557cr than Rs2,135cr in FY20, a growth of 20% yoy.

The company’s Profit After Tax (PAT) stood at Rs58cr compared to Rs8cr in Q4FY20, a growth of 600%. FY21 PAT was Rs249cr compared to Rs73cr in FY20, growth of 241% yoy. EPS of Rs2.93 in Q4FY21 compared to Rs0.40 in Q4FY20. The company reported EPS of Rs12.70 in FY21 compared to Rs3.74 in FY20.

The quarterly sales volume of grew 68% yoy to 21.7 Mn in Q4FY21. It delivered record sales volume of 78.2 Mn metres for FY21, a growth of 26% yoy.

The company’s board has recommended a Final Dividend of Rs1.50 per equity share (i.e. 75%) of Rs2/- face value, subject to the approval of shareholders at ensuing Annual General Meeting.

“It gives me immense pleasure to share that we have delivered growth despite challenging environment and lockdown restrictions. Our growth during the year was propelled by higher demand for home textile products and consequent increase in our market share globally. Furthermore, our persistent focus on expanding our current capacity, growing our branded portfolio, enhancing our domestic presence, improving ecommerce and building and creating a sustainable value chain have helped us thrive and be future ready,” Anil Kumar Jain, Executive Chairman, said.

At around 10.17 am, Indo Count Industries Ltd was trading at Rs149.35 per piece down by Rs5.4 or 3.49% from its previous closing of Rs154.75 on the BSE.

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