Suumaya Industries reports consolidated revenues of Rs1,012 crore and PAT of Rs 96 crore in Q3FY22

15 Feb 2022 , 11:14 AM

Suumaya Industries Ltd is an emerging diversified conglomerate group. Suumaya Industries has evolved itself into a significant player within the Agri Value chain. The company’s diversification and aggressive expansion plans into the agri commodity business is proving to be a strategic move that will drive its long term growth momentum.

During the third quarter of FY2021-22, the company reported consolidated revenues of Rs1,012 crore and PAT of Rs96 crore.

For the Nine Months period ended December 31, 2021, the company posted Revenues of Rs11,020 crore and PAT of Rs691 crore. The company is driving its business operations in sync with its financial and growth aspirations, including investing in profitable and scalable businesses.

Commenting on the results, Mr. Ushik Gala, Chairman & Managing Director, Suumaya Industries Limited said, “We have taken a strategic approach in reorganizing our business model with a more granular and vertical focused. Our growth in the earlier quarters gave us the required impetus to catapult us in to a certain planned expansion mode. We are evolving as a company with all our learnings in place. We are now looking towards a more sustainable growth with business plans laid down within each verticals.”

“This is being done to mitigate and put the company on a strong foundation of sustainable growth. The company is endeavoring to emerge as a fully integrated Agri-value chain player — from farm to fork model. Our next phase of growth will come from strengthening our key focus areas based on long term vision and a well-defined business plan,” Ushik added.

Q3FY2021-22 Key Performance Highlights:

Rs CRORES	Q3FY2022	Q3FY2021	% YoY	Q2FY2021	% YoY	9mFY2022	9mFY2021	% YoY
Total Revenue	1,012	918	10.3	3,155	128	11,020	1,252	780.2
EBITDA	97	171	(43.5)	359	29	799	209	282.0
EBITDA Margin (%)	9.5	18.6		11.4		7.3	16.7
PBT	92	170	(45.8)	355	32	788	207	281.1
PAT	96	117	(17.9)	289	16	691	143	382.7
PAT Margin (%)	9.5	12.7		9.2		6.3	11.4
Diluted EPS (Rs)	29.7	48.7		89.3		213.3	59.6