Linc pen achieved a sales turnover of Rs. 100.66 crores during the Q1 of FY20 as compared to Rs. 83.18 crores during the corresponding quarter in FY19, a growth of 21%.
While domestic turnover grew by 29% backed by large corporate orders, exports declined by 11%, mainly on account of delivery re-scheduling of a few export shipments to the following quarter, due to some production constraints.
Pentonic ball pen, which was launched last year, has been growing rapidly and has become the 2nd best selling product of the company in a very short period. It is slated to become the top revenue earner for the company in this financial year. More products are being launched in the Pentonic brand portfolio, which should help the company meet it's both, topline & bottomline, objectives in this financial year as well as in the future.
For the first time in the Company's history, Linc pen crossed 100 crores of revenue during the first quarter, which is generally a low season months for the category.
Shares of LINC PEN & PLASTICS LTD. was last trading in BSE at Rs.201.9 as compared to the previous close of Rs. 202.95. The total number of shares traded during the day was 101 in over 2 trades.
The stock hit an intraday high of Rs. 201.9 and intraday low of 193.2. The net turnover during the day was Rs. 19521.