Precot's stock zooms 4% owing to attractive Q3FY22 numbers

9 Feb 2022 , 05:16 PM

Precot Ltd. (formerly known as Precot Meridian) announced its results for the quarter ended December 2021 and has reported exemplary performance for the quarter with multiple folds increase in its PAT.

The company reported a consolidated total income of Rs282.35cr for Q3 FY’22 as against Rs180.17cr for Q3 FY’21, reporting growth of 56.71% yoy. Its total income for the 9M period ended December 2021 was reported at Rs721.88cr as against Rs450.12cr for the previous 9M period, witnessing a growth of 58.38% yoy.

The company’s PBT stood at Rs44.27cr for December 2021 quarter, as against Rs9.42cr for the previous corresponding quarter, significantly up by 370% yoy.

While PBT for 9M period improved by a whopping 2590% yoy at Rs104.92cr for Q3 FY’22 as against Rs3.90cr for the same quarter last year.

Company’s PAT for the 9M period ended December 2021 stood at Rs81.19cr as against Rs3.9cr for the corresponding 9M period, reflecting a growth of 1981.80% year-on-year. PAT for the quarter ended December 2021 stood at Rs34.20cr as against Rs9.42cr for Q3 FY’21, registering a substantial growth of 263% yoy.

Precot Ltd closed at Rs364 against its previous closing price of Rs350.05, up by Rs13.95 or 4%. It touched day’s high and low of Rs366 and Rs351.20 respectively.