Kabra Extrusion Technik gains over 1% after revenue rises 20% yoy in Q2 earnings

Company’s newly added vertical “Lithium-ion Battery” has commenced its operation in Mar’20 and started generating revenue.

Oct 22, 2021 09:10 IST India Infoline News Service

Kabra Extrusion Technik Limited has released its unaudited financial results for the quarter and half year ended September 30, 2021.

Key Highlights for Quarter & Half year ended Sept.’21:
  • Revenue has increased by 20% & 31% for quarter & half year ended Sept’21 respectively on YoY basis.
  • Operating Margin (EBIDTA) has improved to 15.9% from 14.9% for quarter ended Sept’21 and to 14.8% from 12.8% for half year ended Sept’21 on YoY basis.
  • PBT has increased by 36% & 91% for quarter & half year ended Sept’21 respectively on YoY basis.
  • Battery division has achieved revenue of Rs8.9cr for the quarter ended Sept’21 which is up by 182% over quarter ended June’21 (Rs3.2cr) and achieved total revenue of Rs12.1cr for half year ended Sept’21 v/s of Rs0.2cr for half year ended Sept’20.
Update on Battery Segment:
As per regulataory filing, Company’s newly added vertical “Lithium-ion Battery” has commenced its operation in Mar’20 and started generating revenue. Led by the various government initiatives/incentives, increased fuel prices & environmental concerns, demand and consumer awareness for electric mobility has gone-up manifold and same is being reflected in high demand for electric vehicles.

"We firmly believe this momentum of shift from “ICE to Electric” will continue & grow further in time ahead and this will benefit Company to improve its performance further in EV segment. Company is actively engaged with many start-up & established players of EV industry and talks are at various level of stages in term of design, third party agencies approval, cost etc", said company in a regulataory filing.

At around 9:24 AM, Kabra Extrusion Technik was trading at Rs253.80 per piece up by Rs3.3 or 1.32% on the BSE.

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