Everest Organics Limited marches ahead on growth path

Everest Organics Limited has announced its financial results for the second quarter and half year ended September 30, 2020 ("Q2 FY 2020-21").

"The Q2 performance reflects our focus on business improvement which has enabled a gradual recovery in all our businesses compared to Q1, despite challenging market conditions that have not fully normalized. We continue to focus on growing our topline, gaining market shares, cost control and business continuity. We also continue to serve our customers while ensuring safety of our employees." said Dr. Sri Kakarlapudi Srihari Raju, Managing Director, Everest Organics Limited.

RESULT HIGHLIGHTS

Highlights for the Half Yearly 2020-21 - Standalone

Income from Operations ("Revenue") was INR 88.12 Cr as compared to INR 81.23 Cr in the previous year, registering 8.48o/o growth in revenue.

- Profit after Taxes and Minority Interest ("PAT") was INR 7.46 Cr as compared to INR 5.13 Cr in the previous year registering 45.42% growth in PAT.

- Earning per Shares (EPS) was 9.32 as compared to 6.41 in the previous year registering 45.40% growth in EPS.

Highlights for the Q2 FY 2020-21(Q-o-Q)

- Income from Operations ("Revenue") was INR 44.93 cr as compared to INR 43.18 cr in the previous year, registering 4.05% growth in revenue.

- Profit After Taxes and Minority Interestt ("PAT") was INR 3.88 cr as compared to INR 3.58 Cr in the previous year registering 8.38% growth in PAT.

Shares of EVEREST ORGANICS LTD. was last trading in BSE at Rs.247.65 as compared to the previous close of Rs. 260.65. The total number of shares traded during the day was 8360 in over 314 trades.

The stock hit an intraday high of Rs. 263.65 and intraday low of 247.65. The net turnover during the day was Rs. 2108704.

Source : Equity Bulls

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