Rajoo Engineers Q3 revenue surges to Rs42.4cr led by increased demand

3 Feb 2022 , 09:16 AM

Rajoo Engineers Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2021. These financials are as per the IND AS accounting guidelines.

Operational Highlights:

• Q3 FY22 Revenue from operations at Rs42.43cr, yoy growth of 0.63%
• Q3 FY22 EBIDTA (excluding Other Income) at Rs5.40cr, yoy growth of 0.33%
• Q3 FY22 EBIDTA Margin (excluding Other Income) at 12.74%
• Q3 FY22 Net Profit at Rs3.29cr
• Q3 FY22 Net Profit Margin at 7.75%
• Q3 FY22 Basic EPS at Rs0.53

Commenting on the Company’s performance, R. N. Doshi, Chairman, Rajoo Engineers Ltd said, “With recovery in the markets post the pandemic, the last quarter has been better in terms of volumes. During the third quarter we registered a slight growth year-on-year in revenue at Rs.42.43 cr.

EBITDA and PAT to Rs5.40cr and Rs3.29cr, respectively. While domestic as well as export sales grew this quarter, revenue growth was marginal mainly due to Company’s focus was on business sustainability considering the uncertainty around. Despite volatility & increase in raw material prices and higher employee costs due to performance appraisals, we have managed to maintain EBITDA margins and improve PAT margins.

As the impact of the pandemic decrease gradually, there has been an increase in the adoption of packed foods, and thereby, the extruded plastic products, which has triggered demand for plastic extrusion machinery. We are focusing on identifying just the right technologies and mix, to add value to our client’s business.

Going into the fourth quarter, we are witnessing gradual recovery in the market after the impact of the third wave of the pandemic. Consumer sentiments in India and overseas markets is encouraging.

I would like to thank each member of the Rajoo family, as well as our Clients, Creditors, Banks, Financial Institutions, and all other StakeholdeRsTheir faith in us and support extended makes it easier for us to strive and excel.”

On Thursday early morning trade, Rajoo Engineers was trading at Rs38.20 per piece higher by 0.26% on Sensex.