Indo Count posts healthy Q2FY23 numbers; Stock trades lower

17 Nov 2022 , 09:16 AM

Indo Count Industries Limited has announced its reviewed financial results for the second quarter and half year ended September 30, 2022.

Q2 & H1FY23 CONSOLIDATED PERFORMANCE HIGHLIGHTS

• Registered yoy volume growth of 7% in H1FY23 and 8% in Q2FY23
• Total income up by 6% in H1FY23 and 11% in Q2FY23 on yoy basis
• Healthy EBITDA margin of 16.6% in H1FY23 and 14.1% in Q2FY23
• Launched Health & wellness licensed brand GAIAM in the USA
• Domestic brands Boutique living and Layers growing at good pace
• E-commerce business showing strong momentum
• Reduced net debt to Rs762 crore (Sept-22) from Rs906 crore (Mar-22)

Commenting on the results, Anil Kumar Jain – Executive Chairman said, “In midst of global challenges, we have continued to sustain the business momentum across markets and categories. Our several years of experience put us in an advantageous position to be able to manage our operations and working capital in an efficient manner.

We strive to grow our business with continuous investments. Our relentless focus on existing and new customers post our acquisition and disciplined approach on creating customer centric value-added solutions will help us maintain leadership position.”

At around 9:16 AM, Indo Count Industries Ltd is currently trading at Rs132.50 per share down by Rs0.25 or 0.19% from its previous closing of Rs132.75 per share on the BSE.

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