India Nippon Electricals' PAT declines 45.78% yoy for Q3FY22; Stock ends lower

10 Feb 2022 , 05:07 PM

India Nippon Electricals Ltd. reported consolidated revenue for the nine months ended December 2021 at Rs41,704 lakh against Rs33,117 lakh for the corresponding 9M period, up by 25.93% yoy.

The consolidated revenue for Q3FY22 was Rs14,804 lakh, reflecting a decline of 3% yoy as compared to Rs15,261 lakh in the previous corresponding quarter.

Consolidated profit after tax for Q3FY22 was Rs963 lakh as compared to Rs1,776 lakh in Q3FY21, registering a decline of 45.78% yoy. Its Consolidated PAT for 9M ended December 2021 was reported at Rs3,105 lakh as against Rs2,602 lakh in the 9M period ended December 2020, reporting growth of 19.33% yoy.

The company’s PBT for the quarter under review stood at Rs1,187 lakh against Rs2,073 lakh for the previous corresponding quarter, declining 42.74% yoy. Whereas PBT for the 9M period ended December 2021 registered a growth of 15.92% yoy at Rs3,829 lakh as compared to Rs3,303 lakh in the corresponding 9M period.

India Nippon’s stock closed 4.53% lower at Rs494 against its previous closing price of Rs517.45.