Suumaya's PAT down by 17.86% yoy at Rs96cr; stock dives ~3%

18 Feb 2022 , 03:13 PM

Suumaya Industries reported its consolidated net sales at Rs1,007.27 crore for the quarter ended December 2021, up by 9.79% yoy against Rs917.43 crore in the previous corresponding quarter.

The company’s quarterly net profit dipped 17.86% yoy at Rs96 crore against Rs116.87 crore during the quarter ended December 2020.

Its EBITDA was Rs96.61 crore for the quarter ended December 2021, as compared to Rs171.01 crore in the quarter ended December 2020, down by 43.51% yoy.

Suumaya’s EPS also narrowed for the quarter under review at Rs34.20 per share against Rs48.68 per share in the previous corresponding quarter.

Its PBT for the December 2021 quarter was Rs92.03 crore, and Rs263.24 for the entire FY21.

Suumaya was trading in lower circuit today owing to unsatisfactory performance in the current quarter. Around its closing at 3.11 PM, it was trading at Rs297.55, down by Rs9.95 or 3.24% against its previous closing price of Rs307.50. It touched day’s high and low of Rs305 and Rs297.45 respectively so far.