Dollar Industries Limited, one of the leading Garment & Hosiery companies in the country has announced its financial results for the quarter ended December 31st, 2021. Highlights for Q3 & 9 Month FY22 Standalone Financials:
Total Revenue for Q3FY22 & 9MFY22 stood at Rs.383.55 cr & Rs.980.05 cr as compared to Rs.312.44 & Rs.729.99 cr for Q3FY21& 9MFY21 growth of 22.76 percent for Q3FY22 & 34.25 percent for 9 Month FY22.
Operating Revenue for Q3FY22 & 9MFY22 stood at Rs.382.05 & Rs.977.31cr as compared to Rs.311.79& Rs.728.64 cr for Q3FY21& 9MFY21, growth of 22.53 percent for Q3FY22 &34.13 percent for 9 Month FY22.
EBITDA for Q3FY22 & 9MFY22 stood at Rs.65.80 cr i.e. 17.16 percent & Rs.164.07 cr i.e. 16.74 percent as compared to Rs.43.81 cr i.e. 14.02 percent & Rs.108.31 cr i.e. 14.84 percent for Q3FY21& 9MFY21, growth of 50.19 percent & 51.47 percent for Q3FY22& 9 Month FY22.
PAT for Q3FY22 & 9MFY22 stood at Rs.44.40 cr i.e. 11.58 percent & Rs.108.76 cr i.e. 11.10 percent as compared to Rs.28.38 cr i.e. 9.08 percent & Rs.67.18 cr i.e. 9.20 percent for Q3FY21& 9MFY21, growth of 56.47 percent & 61.89 percent for Q3FY22& 9 Month FY22.
Commenting on the results, Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “The financial results for the third quarter of FY21-22 indicate that the Company has been able to align itself with its growth trajectory as we have witnessed a greater demand for our products in the market. We have witnessed volume growth in Q3FY22 around 11 percent and 14 percent in Nine Month FY22.We have also managed to bring down our Working Capital cycle from 178 days in March,2021 to 154 days in December,2021.”
