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:
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.
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