Dollar Industries Limited, one of the leading Garment & Hosiery Company in the country have announced its financial results for the quarter ended June 30, 2020.
Highlights for Q2 & H1 FY21 Standalone Financials
• Total Revenue for Q2FY21 & H1FY21 stood at Rs.258.98 & RS.419.16 crore as compared to Rs.243.76 & Rs.477.71 crores for Q2FY20 & H1FY20 growth of 6.24% for Q2FY21 & de-growth of 12.26 % for H1FY21.
• Operating Revenue for Q2FY21 & H1FY21 stood at Rs.258.45 & RS.418.45 crore as compared to Rs.243.25 & Rs.476.85 crores for Q2FY20 & H1FY20, growth of 6.25% for Q2FY21 & de-growth of 12.25 % for H1FY21.
• EBITDA for Q2FY21 & H1FY21 stood at Rs.35.67 crore i.e. 13.77% & Rs.64.50 crore i.e. 15.39% as compared to Rs.23.82 crore i.e. 9.77% & Rs.51.13 crores i.e. 10.70% for Q2FY20 & H1FY20, growth of 49.75% & 26.15% for Q2FY21 & H1FY21.
• PAT for Q2FY21 & H1FY21 stood at Rs.22.37 crore i.e. 9% & Rs.38.80 crore i.e. 9% as compared to Rs.13.66 crore i.e. 6% & Rs.26.56 crores i.e. 6% for Q2FY20 H1FY20, growth of 63.76%. & 46.08% for Q2FY21 & H1FY21.
Commenting on the results, Mr. Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said,
“The Company has started normalcy operations both in production and supply chain. The Company experts have been working on ways to improve its revenue and curb its expenses which has us to achieve the growth in the second quarter both in revenue and profit. We will continue with our endeavor to increase both our top and bottom line.
Today’s scenario calls for clean and green working environment and be a responsible Corporate. The Company has been working reducing its carbon footprint. In continuation with this effort, the Company has installed a 4 MW solar plant in Tirupur which will not only help to reduce cost but also help curbing CO2 emission by 9000 Kgs / day with a sustainable environment.