Indo Rama Synthetics (India) Limited’s Profit After Tax (PAT) recorded a substantial improvement to Rs128.20cr in Q4FY21 and Rs112. 78cr in FY21 as against Loss after tax of (Rs49.84cr) in Q4FY20 and (Rs316.10cr) in FY20 respectively
The company’s revenue for the fourth quarter ended March 31, 2021, stood at Rs821.89cr compared to Rs480.64cr in Q4FY20. For FY21, revenue from operation recorded a marginal decline of 3.96% to Rs2043.59cr from Rs2127.94cr in FY20.
EBITDA improved to Rs108.11cr in Q4FY21 and Rs113.30cr in FY21 as against EBITDA loss of (Rs7.14cr) in FY21 and EBITDA of Rs0.66cr in FY20, respectively.
Indo Rama Synthetics (India) Ltd ended at Rs58.90 per piece up by Rs5.05 or 9.38% from its previous closing of Rs53.85 per piece on the BSE. The company's stock hit fresh 52-week high of Rs62.65 per piece on Wednesday.