Nupur Recyclers achieved turnover of Rs163.17 crore with net profits of Rs 18.87 crore in FY 21-22

4 May 2022 , 03:19 PM

Nupur Recyclers Limited, an established Company in Non – ferrous metal scrap recycling Industry, published its audited financial results for the Financial Year ending March 31, 2022. During the FY 2021-22, company has achieved a top line of over Rs 163.17 crore with Net Profits of Rs 18.87 Crore.
 
Net profit after tax has increased from Rs 10.00 crore for the FY 2020-21 to Rs 18.87 crore for the FY 2021-22 as against the increase of turnover from Rs 104.97 crore for the FY 2020-21 to Rs 163.17 crore. for the FY 2021-22, which displays mindful and efficient management of business while keeping the costs under control.
 
FINANCIAL HIGHLIGHTS
 
(Figures in Rs Lakhs except EPS)

	FY 21-22 (Audited)	FY 20-21 (Audited)	Increase/(Decrease)
Revenue from Operations and other income	16317.29	10497.22	555.44%
Total Expenses	13748.62	9154.47	550.18%
Profit Before Tax	2568.66	1342.76	591.30 %
Tax Expense	681.54	342.27	599.12%
Profit After Tax	1887.13	1000.49	588.62%
Interest Cost	90.56	136.28	633.55%
Net worth	6313.12	1005.99	5527.55%
EPS	10.08	5.82	573.20%

 
Mr. Rajesh Gupta, Founder and CEO, Nupur Recyclers was euphoric to share annual numbers for the   FY 21-22, he said, “Financial Year 21-22 is a year of achievement as the company went for its maiden IPO. With a Y-o-Y growth of 88.62% in PAT margins, we are quite optimistic for current financial year growth. Our stakeholders and other partners in supply chain are our real strength and we shall continue to work harder for them.”
 
Briefing on the company’s future expansion plans during the current financial year, Mr. Gupta updated, “Company has already roped in Go Green Environment to constantly work towards developing an effective ESG framework compliant with BRSR (Business Responsibility and Sustainability Reporting) format. We are keenly looking forward to acquire Hydrometallurgy plant in order to extract zinc, copper, nickel etc. in an eco-friendly way. We are also looking forward to have a controlling stake in e-waste companies. Company is already under oath to keep the environment safe while taking care of stakeholders’ interest.”