Sleepwell stock tanks over 4% post Q3 FY22 results

3 Feb 2022 , 11:30 AM

Sheela Foam Limited (Sleepwell) posted a consolidated revenue from operations of Rs 881 crore in Q3 FY’22 against Rs 826 crore for Q3 FY’21, reporting a growth of 7% YoY. While revenue for the 9M period ended December 2021 stood at Rs 2218 crore, registering a growth of 30% YoY.

It was trading at Rs 3,245 at around 11.14 am, down by Rs 158.35 or 4.65% against its previous closing price of 3,403.80. It has touched a day’s low of Rs 3,234.30 so far in today’s trade.

Its EBITDA for the quarter ended December 2021 was Rs. 95 crores, as against Rs. 144 crores of the corresponding quarter, reporting a downfall of 34.03% YoY. EBITDA for the 9M period ended December 2021 stood at Rs 243 crore.

Company’s PAT for Q3 FY’22 as against Rs 67 crores against Rs 100 crores for Q3 FY’21, down by 33% YoY. PAT for the 9M period ended December 2021 stood at Rs 169 crores.

During the quarter, the Revenue from Indian operations on a standalone basis was Rs. 649 crores against Rs. 605 crores of Q3FY21, up by 7.27%. The EBITDA for the quarter was Rs. 71 crores as compared to Rs. 99 of the corresponding quarter, down by 28.28% YoY. The Net Profit (PAT) for Q3FY22 was Rs. 59 crores as compared to Rs. 78 crores of the corresponding quarter, 24.36% YoY.