United Drillings stock skids 4% despite robust Q3 FY22 results, PAT rises over 8% yoy

10 Feb 2022 , 02:10 PM

United Drilling Tools Limited stocks slipped 3.80% or Rs20.35 in today’s trade at Rs514.95, against its previous closing price of Rs535.30. It has touched the day’s low of Rs514.15 so far.

The company’s consolidated revenue for the nine months ended December 2021 was Rs126.36 crore as against Rs99.13 crore for the corresponding 9M period, up by 27.47% yoy. Earnings before depreciation, interest, and taxes (EBITDA) and before exceptional items for the nine months ended 31st December 2021 stood at Rs63 crore as compared to Rs36.74 crore for the previous 9M period, up by 71.48% yoy.

The consolidated revenue for Q3 FY’22 was Rs46.14 crore, reflecting a growth of 41.23% yoy as compared to Rs32.67 crore in the previous corresponding quarter.

EBITDA for the quarter ended 31st December 2021 stood at Rs19.95 crore recording an increase of 30% yoy, as compared to Rs15.36 crore in the previous corresponding quarter.

Consolidated profit after tax for Q3FY22 was Rs13.03cr as compared to Rs12.05 crore in Q3FY21, reflecting a growth of 8.13% yoy. Its Consolidated PAT for 9M ended December 2021 was reported at Rs42.22 crore as against Rs28.48 crore in 9M period ended December 2020, up by 48.24% yoy.