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Indo Count Industries registers rise of 6% yoy in total income of Rs767cr in Q2FY22; Stock slumps 6%

Q2FY22 sales volume stood at 18.9 Mn meters. EBITDA was at Rs139cr in Q2FY22, an increase of 10% yoy.

October 27, 2021 2:43 IST | India Infoline News Service
Quarterly Results
Indo Count Industries Limited registered a total income of Rs767cr in the second quarter ended September 30, 2021, a rise of 6% yoy from Rs724cr in Q2FY21. EBITDA was at Rs139cr in Q2FY22, an increase of 10% yoy from Rs127cr in Q2FY21. EBITDA Margin at 18.2% in Q2FY22 compared to 17.5% in Q2FY21 64 bps yoy.

“The Company’s intrinsic strength has been demonstrated by its operational performance in conjunction with consistent cash accruals.

The unprecedented supply chain challenges have been impacting the industry pervasively. At Indo Count, we have been able to arrest cost inflation through various measures and our dynamic approach is helping the Company to progress in response to market developments and pave the way for future growth,” Anil Kumar Jain, Executive Chairman, said.

Q2FY22 sales volume stood at 18.9 Mn meters and H1FY22 sales volume at 37 Mn meters. 10% of Q2FY22 volumes has been shipped and in transit due to longer shipping duration thereby impacting sales volume for the quarter.

“Despite challenges on increase in overall input costs, rising freight costs, unavailability of shipping containers and longer transit duration and Increase in Working capital due to investment in supply chain, the Company has been able to achieve Highest ever half yearly Revenue and EBITDA. The company is optimistic to achieve revenue of Rs3,200cr,” company said.

At around 2.46 pm, Indo Count Industries Ltd was trading at Rs255 per piece down by Rs17.1 or 6.28% from its previous closing of Rs272.10 per piece on the BSE. The scrip opened at Rs264 and has touched a high and low of Rs264 and Rs251.50 respectively.

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