Lyka Labs Limited announces Q1FY22 results

The Board of Directors of Lyka Labs Limited at its meeting held on today considered and approved the Un-audited Standalone and Consolidated Financial results f or the First Quarter Ended on 30th June, 2021.

For the Quarter ended 30th June 2021, Lyka Labs Ltd. Standalone Revenue from Operation was at Rs. 4346.59 lakhs as compared to Rs. 1254.24 lakhs in the corresponding quarter of Financial Ye.ar 2020-21. EBDITA was Rs. 3033.68 lakhs as compared toRs. 241.90 lakhs in the corresponding quarter of FY 20-21. Profit After Tax was Rs. 1964.59 lakhs as compared to Rs. (579.39) lakhs in the corresponding quarter of FY 20-21.

For the Quarter ended 30th June 2021, Lyka Labs Ltd. Consolidated Revenue from Operation was at Rs. 4943.67 lakhs as compared to Rs. 1771.92 lakhs in the corresponding quarter of FY 20-21. EBDITA was Rs. 3036.80 lakhs as compared to Rs. 432.66 lakhs in the corresponding quarter of FY 20-21. Profit After Tax was Rs. 1955.07 lakhs as compared toRs. (467.47) lakhs in the corresponding quarter of FY 20-21.

During the quarter ended 30th June, 2021 Company has repaid Rs. 1727.68 lakhs towards outstanding loan of International Asset Reconstruction Company. Subsequent to the quarter ended 30th June 2021 Company has further repaid Rs. 1479.99 lakhs towards outstanding loan of International Asset Reconstruction Company. As a result the Finance Cost of the Company would reduce in coming period.

Shares of Lyka Labs Ltd., was last trading in BSE at Rs. 85.75 as compared to the previous close of Rs. 82.9. The total number of shares traded during the day was 376432 in over 1235 trades.

The stock hit an intraday high of Rs. 87 and intraday low of 82. The net turnover during the day was Rs. 32460772.

Source : Equity Bulls

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