You would like to read
- Sindhu Trade Links Ltd. reduces bank-debt by Rs. 1041.5 million, aims to be debt free by 2023
- Vikas Ecotech Board paybacks 2 tranches of Debt under its Debt Reduction Program Phase-II, aiming to enter Zero Debt Regime
- United Kingdom - Programme announced to boost trade links with India ahead of Birmingham 2022 Commonwealth Games, UK January 12 2022
- Tanla announces third quarter 21-22 results
- Glenmark Pharma reports revenue growth of 26% and PAT growth of 21% YoY for Q1 FY 2021-22
New Delhi [India], February 12 (ANI/PNN): Sindhu Trade Links Limited has recorded a 200 per cent year-on-year increase in net profit on higher realisation to Rs 2,822 lakhs in the nine months ended on December 31, 2021, and the earning per share is Rs. Rs. 5.54 as compared to Rs. 5.73.
The net profit after the tax deduction is at Rs 2,822 lakh compared to Rs 893.76 during the same period last year. The net revenue increased by 17.17 per cent to Rs 69,840 lakh compared to Rs. 59,607.61 lakh.
Sindhu Trade Links Limited has recorded a 303.67 per cent year-on-year increase in EBITDA on higher realisation to Rs. 7,661.64 lakhs in the nine months ended on December 31, 2021. The Equity Shares of STTL are listed on BSE (Scrip Code: 532029) with ISIN: INE325D01025.
According to members' approval, the nominal value of the equity share of the Company has been sub-divided from Rs. 10 each to Rs. 1 each, with effect from February 4, 2022.
"The company's management in order to enhance the visibility and liquidity in the company's scrip, decided to seek a National Stock Exchange of India Limited (NSE) listing in the greater interest of the investors after taking into consideration that the company satisfies the eligibility criteria of NSE Direct Listing (Mainboard)" said the company spokesperson.
In terms of the company's management decision to become debt-free, the company has reduced its bank debt by Rs. 1041.5 million, almost 1/3rd of its peak bank debts in the last 15-18 months'.
The company has reduced its bank-debt guarantee during the previous financial year itself, wherein businesses across the world were considerably disturbed. Despite the outburst of the COVID-19 pandemic, the company has reduced bank debt every quarter with an aim to become debt-free by 2023.
During the current financial year, Rs. 784.7 million bank debt has been repaid by the company in the first nine months period.
This story is provided by PNN. ANI will not be responsible in any way for the content of this article. (ANI/PNN)
DISCLAIMER
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
