Gujarat Ambuja Export's stock plunges over 6% post Q3 results

2 Feb 2022 , 09:21 AM

Gujarat Ambuja Export Limited announced its results for the quarter ended December 2021 and has reported a marginal growth in its revenue and profits.

Its share dipped 6.60% or Rs 13.95 in early morning trade and currently trading at Rs 197.40 against its previous closing price of Rs 211.35.

The company reported a total income of Rs 1,248.44 crore for Q3 FY’22 as against Rs 1,221.62 crore for Q3 FY’21, reporting growth of 2.20% YoY. Its total income for the 9M period ended December 2021 was reported at Rs 3449.13 crore as against Rs 3056.14 crore for the previous 9M period.

The company’s PBT stood at Rs 142.71 crore for December 2021 quarter, as against Rs 140.97 crore for the previous corresponding quarter, up by 1.23% YoY. While its PAT narrowed by 4% YoY at Rs 105.13 crore for Q3 FY’22 as against Rs 109.52 crore for the same quarter last year.
Company’s PAT for the 9M period ended December 2021 stood at Rs 322.13 crores as against Rs 219.65 crore for the corresponding 9M period, reflecting a growth of 46.65% on-year.

The company’s Maize processing division recorded the highest revenue at Rs 683.74 crore for Q3 FY’22 against Rs 557.49 crore for Q3 FY’21, witnessing a growth of 22.65% YoY.