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Sapphire Foods Ltd. reported total revenue of Rs505.50 crore in December 2021, up by 52% yoy, against Rs332.80 crore in December 2020.

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The quarter gave us topline growth mainly driven by Branded Textile along with strong momentum maintained. We are sure that it will only get better from here, Rajendra Agarwal, said.

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The assigned rating, however, is constrained by the company’s modest financial risk profile and exposure to refinancing risk.

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Evey has been incorporated on February 9, 2022, and will be into the business of owning, operating, and/or leasing Electric Vehicles.

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