Manorama Industries reports marginal rise in H1FY21 PAT to Rs8.91cr

Barring the impact of Covid-19, the company has achieved EBITDA 23.55% as compared to 25.21% during the half year ended March 31, 2020.

Nov 13, 2020 04:11 IST India Infoline News Service

Quarterly Results
Manorama Industries Limited reported Rs8.91cr PAT in the half year of fiscal year ended September 30, which was marginally up, as compared to Rs8.11cr over the half year ended March 31, 2020. Revenue from Operations stood at Rs76.63cr as compared Rs93.78cr over the half year ended March 31, 2020.

Barring the impact of Covid-19, the company has achieved EBITDA 23.55% (before prior period item) as compared to 25.21% during the half year ended 31st March, 2020. PBT stood at Rs12.52cr as compared to Rs11.67cr over the half year ended March 31, 2020. PBT includes reversal of depreciation amounting to Rs3.96cr on account of change in estimates of useful life of assets based on technical advice taken by the company.

During the period ended September 30, 2020 cash inflow from operating activities stood at Rs17.88cr.

“The company maintained Supply chain efficiently and procured Sal Seeds and Mango Kernel Seeds from Tribals in the state of Chhattisgarh, Odisha, Jharkhand and currently Company is procuring Shea nuts from its procurement network in the West African countries of Ghana, Benin, ivory coast, Togo, Nigeria, even during this pandemic situation observing government guidelines strictly. We made timely payment to seed collectors,” company said on Friday.

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