Sigachi Industries spurts ~4% on robust Q3FY22 numbers

10 Mar 2022 , 11:03 AM

Sigachi Industries Limited, an industry leader in Pharma Excipients, has posted its results for the quarter and nine months ended December 2021 on March 9, 2022. Its stock was trading 3.64% higher at Rs294.50 against its previous closing price of Rs284.15 on NSE, as investors cheer the company’s overall performance.

So far in the day, its scrip swirled between a price band of Rs294.70-Rs290.65.

Sigachi Industries reported consolidated revenue of Rs6,559.23 lakh for the quarter ended December 2021, as compared to Rs4,830.02 lakh for the previous corresponding quarter, registering a growth of 35.80% yoy. Its consolidated revenue for the nine months period ended December 2021 stood at Rs17,774.27 lakh as against Rs14,103.13 lakh for the corresponding nine-month period, up by 26.03% yoy.

Company’s PBT stood at Rs1,217.98 lakh for the quarter under review as against Rs852.04 lakh during the previous corresponding quarter.

PAT was reported at Rs954.82 lakh for the quarter ended December 2021, and Rs711.38 lakh for the quarter ended December 2020, registering a growth of 34.22% yoy. PAT for the nine months ended December 2021 grew by 34.53% yoy at Rs2,840.09 lakh as compared to Rs2,111.05 lakh in the nine months ended December 2020.