Pritish Nandy Communications stock rallies over 3.5% after Q3 earnings

28 Jan 2022 , 01:03 PM

Pritish Nandy Communications Ltd reported significant growth in its revenues and profits for the quarter ending December 2021 (Q3FY22). The Company reported Net Sales of Rs 19.73 crore for Q3 FY’22 against Rs 2.25 crore for Q3 FY’21, reflecting growth of 778.78% YoY.

Its PAT for the quarter ending December 2021 stood at Rs 0.43 crore against a loss of Rs 3.89 crore in the previous corresponding quarter, registering a growth of 111.11% YoY.

Its EBITDA stood at Rs. 0.46 crore in December 2021 up 112.01% from Rs. 3.83 crore in the same quarter last year.

Should work continue at the current pace and the impact of the pandemic eases, this year is likely to yield satisfactory results, said Pritish Nandy, Chairman of the Board.

Pritish Nandy is currently trading at Rs58.20 up by Rs2 or 3.56% from its previous closing of Rs56.20 on the BSE.