Centum Electronics stock holds steady despite weak Q3 numbers

22 Feb 2022 , 02:47 PM

Centum Electronics Ltd. reports consolidated revenue of Rs200 crore for the quarter ended December 2021 against Rs216 crore for the previous corresponding quarter, registering a decline of 7.5% yoy. Revenue for the current 9 months period was Rs546.80 crore against Rs610.90 crore for the previous 9 months period, down by 10.5% yoy.

9M Q3FY22 EBITDA declined by 38.80% yoy at Rs42 crore against Rs68.60 crore for 9 months ended December 2020. EBITDA for the quarter under review was Rs18.70 crore, registering a decline of 34.60% against Rs28.60 crore for the quarter ended December 2020.

EBITDA and PAT margin for the current quarter stood at 9.35% and 1.75%, declining severely over the last quarter.

Company’s PAT for Q3FY22 was Rs3.50 crore against Rs7.90 crore for Q3FY21, declining 55.70% yoy. Whereas it accumulated a loss of Rs47.10 crore for the 9 months ended December 2021 against a profit of Rs11.10 crore for the 9 months ended December 2020.

At around 2.45 PM, Centum Electronics was trading at Rs445.15, up by Rs1.55 or 0.35% against its previous closing price of Rs441.80. It touched day’s high of Rs448 so far.