Filatex India Ltd Q4FY21 PAT zooms to Rs. 118.39 crore

FILATEX INDIA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.858.16 crores during the period ended March 31, 2021 as compared to Rs.723.39 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.118.39 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.66.04 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.5.34 for the period ended March 31, 2021 as compared to Rs.2.98 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 858.16 crs	₹ 723.39 crs	18.63%
Net Profit	₹ 118.39 crs	₹ 66.04 crs	79.27%
EPS	₹ 5.34	₹ 2.98	79.19%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.858.16 crores during the period ended March 31, 2021 as compared to Rs.673.16 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.118.39 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.21.03 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.5.34 for the period ended March 31, 2021 as compared to Rs.0.95 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 858.16 crs	₹ 673.16 crs	27.48%
Net Profit	₹ 118.39 crs	₹ 21.03 crs	462.96%
EPS	₹ 5.34	₹ 0.95	462.11%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2236.61 crores during the 12 months period ended March 31, 2021 as compared to Rs.2794.49 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.165.83 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.121.48 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.7.47 for the 12 months period ended March 31, 2021 as compared to Rs.5.48 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 2236.61 crs	₹ 2794.49 crs	-19.96%
Net Profit	₹ 165.83 crs	₹ 121.48 crs	36.51%
EPS	₹ 7.47	₹5.48	36.31%

Commenting on the performance Mr. Madhu Sudhan Bhageria, Chairman & Managing Director, stated, "We are pleased to announce that we have surpassed our peak quarterly EBIDTA and achieved a new high EBIDTA of Rs. 188.7 crores in Q4FY21 with improved margins of 22.1% as against 9.3% in Q4FY20. Continuing the trend from Q3FY21, the prices and margins remained strong in the domestic market. Firm demand along with nearly full capacity utilization of value-added product contributed to the improvement in margins.

Commissioning activities for our 30 MW captive power plant at our Dahej unit have started. Despite facing manpower constraints due to the second wave of Covid in India, we are aiming to commission the power plant this month. The annual impact of savings in energy costs will be in the magnitude of Rs. 45 crores.

This was a challenging year for everybody, and I am humbled of the perseverance, commitment and fortitude showcased by the Filatex family over the last 12 months of uncertainty and turbulence amidst the COVID pandemic."

Shares of FILATEX INDIA LTD. was last trading in BSE at Rs.73.05 as compared to the previous close of Rs. 71.35. The total number of shares traded during the day was 75798 in over 605 trades.

The stock hit an intraday high of Rs. 76.7 and intraday low of 73.05. The net turnover during the day was Rs. 5666674.

Source : Equity Bulls

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