DCW stock dip 3% after Q3 FY22 performance

4 Feb 2022 , 01:19 PM

DCW Limited announced its results for the quarter ended December 2021 and delivered strong financial numbers on the back of solid growth momentum.

The company reported revenue of Rs 653.50 crore for Q3 FY’22 as against Rs 386.08 crore for Q3 FY’21, reporting growth of 69.3% YoY on the back of better operational efficiency coupled with favorable market conditions across the product portfolio.

Its revenue for the 9M period ended December 2021 was reported at Rs 1,745.87 crore as against Rs 1,008.58 crore for the previous 9M period, registering on-year growth of 73.3%.

The company’s PAT stood at Rs 26.68 crore for December 2021 quarter, as against Rs 6.19 crore for the previous corresponding quarter, registering a growth of 331% YoY. While its PAT for 9M stood at Rs 59.73 crore for Q3 FY’22 as against a loss of Rs 26.80 crore for the same quarter last year. PAT margin for the quarter and 9M period stood at 4.1% and 3.4%, respectively.

Company reported its EBITDA at Rs 90.66 crore for Q3 FY’22 as against Rs 59.53 crore for the quarter ended December 2020, reflecting a growth of 52.3% YoY. While EBITDA for the 9M period ending December 2021 stood at Rs 231.10 crore against Rs 144.73 crore for the corresponding 9M period, up by 59.7% YoY, with a margin of 13.9% for the current quarter.

“Despite challenging environment in terms of raw material inflation and fear of a third covid wave, the Company’s performance has remained buoyant in Q3FY22. We have been able to ignite all our growth silos at the right time, continuing to move with an inspiring momentum,” commented Mr. Vivek Jain, Managing Director, DCW Limited.

DCW Ltd is currently trading at Rs47.20 down by Rs1.75 or 3.58% from its previous closing of Rs48.95 on the BSE. The scrip opened at Rs49.50 and has touched an intraday high and low of Rs49.50 and Rs47.05 respectively.