IFGL Refractories reports 34% yoy decline in PAT for Q3FY22; Stock gains 1%

15 Feb 2022 , 02:05 PM

IFGL Refractories Ltd. reports a total consolidated income of Rs317.20 crore for the quarter ended December 2021 against Rs299.70 crore for the quarter ended December 2020, registering a growth of 6% yoy. Total income for the 9M ended December 2021 was Rs908.80 crore against Rs 754.40 crore for the corresponding 9M period.

Its EBITDA for the current quarter narrowed to Rs39.40 crore against Rs59.6 crore for Q3FY21, down by 34% yoy. EBIDTA for 9M ended December 2021 declined by 9% at Rs115.80 crore.

PAT for the quarter ended December 2021 turned out to be Rs18.90 crore as compared to Rs37.30 crore for Q3FY21, registering a decline of 49% yoy. PAT for the 9 months ended December 2021 stood at Rs56.80 crore against Rs68.10 crore for the corresponding period, plunging 17% yoy.

Its EPS for the current quarter and nine months ended December 2021 narrowed to Rs5.20 and Rs15.80 respectively.

EBITDA margins also declined to 12.4% for Q3FY22 and 12.7% for 9M under review. PAT margins for Q3FY22 settled at 6% as compared to 12.4% in the previous corresponding quarter.

At around 2.00 PM, IFGL was trading at Rs295, up by Rs3.70 or 1.27% against its previous closing price of Rs291.30. It touched day’s high and low of Rs303 and Rs284.20 respectively.