Rupa -; Co.'s stock gains 1.5% after robust Q3 FY22 results

9 Feb 2022 , 11:50 AM

Rupa & Company Ltd., one of the leading knitwear players in India, reported its quarterly results for Q3 FY’22 and has reported a sapid performance for the period. It is currently trading at Rs524.50, up by Rs7.45 or 1.44% from its previous closing of Rs517.05. 

Company’s consolidated revenue from operations for December 2021 quarter stood at Rs 433.20 crore as against Rs 345.60 crore for December 2020 quarter, up by 25% YoY. Revenue for the 9M period ended December 2021 stood at Rs 1018.70 crore against Rs 858.70 crore for the previous 9M period, increasing 19% YoY.

EBIDTA margin for the December 2021 quarter was reported at 18.7% as against 18.6% for the previous corresponding quarter. PAT margin stood at 13.5% for Q3 FY’22 against 12.6% in Q3 FY’21.

“We are extremely proud to announce that we continue to build upon the momentum in our growth trajectory. On an already higher base, in Q3 FY22 we have registered double-digit growth in Revenues, EBITDA, and PAT at 25%, 26%, and 34% respectively. As previously defined in our growth strategy, we continue to see robust demand for our attractively priced high-quality products,” commented on the company’s performance, Mr. Dinesh Kumar Lodha, CEO of Rupa.

Its EBITDA for Q3 FY’22 was reported at Rs 80.90 crore against Rs 64.30 crore for Q3 FY’21, increasing 26% YoY. EBITDA for the 9M period ending December 2021 was Rs 194.30 crore against Rs 166.70 crore for the 9M period ending December 2020, up by 17% YoY.

Its PAT for the quarter ended December 2021 stood at Rs 58.30 crore against Rs 43.40 crore for the quarter ended December 2020, a growth of 34% YoY. PAT for the 9M period ending December 2021 stood at Rs 142.50 crore against Rs 109.40 crore for the previous 9M period, increasing 30% YoY.