Dollar Industries Limited, one of the leading Garment and Hosiery Company in the country has announced its financial results for the quarter ended December 31, 2020.
Highlights for Q3 & 9MFY21 Standalone Financials:
- Total Revenue for Q3FY21 & 9MFY21 stood at Rs 312.44 and Rs 730 crore as compared to Rs 255.43 and Rs.733.14 crore for Q3FY20 and 9MFY20 growth of 22.32 percent for Q3FY21 and de-growth of 0.43 percent for 9MFY21.
- Operating Revenue for Q3FY21 and 9MFY21 stood at Rs 311.79 and Rs 728.64 crore as compared to Rs 254.81 and Rs 731.65 crore for Q3FY20 and 9MFY20, growth of 22.36 percent for Q3FY21 and de-growth of 0.41 percent for 9MFY21.
- EBITDA for Q3FY21 and 9MFY21 stood at Rs 43.81 crore i.e. 14.02 percent and Rs 108.32 crore i.e. 14.84 percent as compared to Rs 33.94 crore i.e. 13.29 percent and Rs.85.07 crore i.e. 11.60 percent for Q3FY20 and 9MFY20, growth of 29.09 percent and 27.32 percent for Q3FY21 & 9MFY21.
- PAT for Q3FY21 and 9MFY21 stood at Rs 28.38 crore i.e. 9.08 percent and Rs 68.07 crore i.e. 9.32 percent as compared to Rs 19.58 crore i.e. 7.67 percent and Rs.46.58 crore i.e. 6.35 percent for Q3FY20 9MFY20, growth of 44.95 percent and 46.11 percent for Q3FY21 and 9MFY21.
Commenting on the results, Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “The company crossed the mark of Rs 300 crore of turnover this quarter. Also, this quarter the Industry witnessed a sharp increase in prices of cotton and yarn starting November, 2020. It will take a while before the prices stabilize for yarn. The company continues its journey of growth working on revamping the distribution channel and digitization. We look forward to a bullish Q421.”