Home breadcru News breadcru Results/Reports breadcru Dollar Industries Q3 FY21 revenue jumps 22% to ₹312 cr

Dollar Industries Q3 FY21 revenue jumps 22% to ₹312 cr

05 Feb '21
1 min read
Pic: Dollar Industries
Pic: Dollar Industries

Dollar Industries Limited, an India-based leading garment & hosiery company, reported 22.3 per cent revenue growth to ₹312.44 crore in its third quarter (Q3) FY21 that ended on December 31, 2020, compared to the revenue of ₹255.4 crore in the same period previous fiscal. Company’s EBITDA for the quarter rose to ₹43.8 crore (Q3 FY20: ₹33.9 crore).
 
“The company crossed the mark of ₹300 crores of turnover this quarter. Also, this quarter the industry witnessed a sharp increase in prices of cotton and yarn starting November 2020. It will take a while before the prices stabilise for yarn,” Vinod Kumar Gupta, managing director, Dollar Industries Limited, said in a press release.
 
Profit after tax (PAT) during Q3 FY21 was ₹28.3 crore (₹19.5 crore). Operating revenue for the quarter increased to ₹311.7 crore (₹254.8 crore).
 
“The company continues its journey of growth working on revamping the distribution channel and digitisation. We look forward to a bullish Q421,” Gupta said.

ALCHEMPro News Desk (JL)

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