Xpro India stock slips near 5% following Q3 earnings

8 Feb 2022 , 02:27 PM

Xpro India Ltd’s revenue from operations for December 2021 quarter stood at Rs 111.20 crore as against Rs 102 crore for December 2020 quarter, up by 9% YoY. Revenue for the quarter ended September 2021 stood at Rs 126.50 crore, reflecting a sequential decline of 12%. Its revenue for the 9M period ended December 2021 stood at Rs 328.90 crore as against Rs 225.90 crore for the previous corresponding period, up by 46% YoY.

Its EBITDA for Q3 FY’22 was reported at Rs 17.90 crore against Rs 13 crore for Q3 FY’21, registering a growth of 38% YoY. EBITDA for the previous quarter was Rs 17.30 crore, reflecting 4% growth in the current quarter. EBITDA for the current 9M period stood at Rs 46.60 crore as compared to Rs 22.80 crore for the previous 9M period, registering a growth of 105% YoY.

Its PAT for the quarter ended December 2021 stood at Rs 11.60 crore against the loss of Rs 6.10 crore for the quarter ended December 2020, a growth of 89% YoY. However, it recorded a growth of 7% over the last quarter’s PAT at Rs 10.80 crore. PAT for the 9M period ended December 2021 was reported at Rs 27.50 crore as against a loss of Rs 1.30 crore.

Its EBITDA margin settled at 16% for Q3 FY’22 against 13% in Q3 FY’21. Company’s PAT margin stood at 10% for the current quarter against 6% for the previous corresponding quarter, up by 400 bps.

XPRO India is currently trading at Rs1,048 down by Rs54 or 4.9% from its previous closing of Rs1,102 on the BSE. The scrip opened at Rs1,135 and has touched day’s high and low of Rs1,135 and Rs1,046.90 respectively.