Premco Global hits new 52-week low post flop Q4FY22 show

23 May 2022 , 03:15 PM

Premco Global reported Consolidated Net Sales at Rs25.94 crore in Q4FY22, down by 25.26% from Rs34.71 crore in Q4FY21. While Standalone Net Sales stood at Rs18.32 crore in the quarter ended March 2022, as compared to Rs20.59 crore in Q4FY21, down by 11.03% yoy.

Revenue for FY22 was reported at Rs131.91 crore as compared to Rs102.69 crore in FY21, up by 28.45% yoy.

PAT for FY22 was reported at Rs17.76 crore as compared to Rs15.72 crore in FY21, up by 12.98% yoy.

Premco’s Consolidated Net Profit stood at Rs2.26 crore in Q4FY22, registering a decline of 59.35% yoy against Rs5.56 crore in Q4FY21. Standalone Net Profit was reported at Rs1.71 crore in quarter ended March 31, 2022, up by 124.49% yoy against Rs0.76 crore in the previous corresponding quarter.

Its EBITDA for Q4FY22 was reported at Rs5.00 crore in March 2022, down by 48.61% yoy as compared to Rs9.73 crore in March 2021.

Premco Global is currently trading at Rs317 down by Rs74.1 or 18.95% from its previous closing of Rs391.10 on the BSE. It hit a new 52-week low of Rs313 so far in the day.