Savita Oil Tech logs 38.03% yoy growth in revenue for Q3; stock settled 3% higher

16 Feb 2022 , 04:34 PM

Savita Oil Technologies Ltd. reported net sales of Rs738.35 crore in the quarter ended December 2021, as against Rs534.91 crore in the previous corresponding quarter, up by 38.03% yoy.

The company’s quarterly net profit was Rs56.53 crore in the quarter ended December 2021, down by 30.30% yoy against a profit of Rs81.10 crore for the quarter ended December 2020.

Its EBITDA was reported at Rs80.99 crore for the quarter under review, as against Rs116.48 crore for the same quarter last year, registering a decline of 30.47% yoy.

The company’s EPS narrowed to Rs40.79 in December 2021 quarter against Rs57.64 in the December 2020 quarter.

Savita Oil Tech closed at Rs1095 per piece today, gaining 3.30% or Rs34.95 against its previous closing price of Rs1060.05 per piece on NSE. It touched intraday high and low of Rs1135 and Rs1066.10 per piece respectively.