Sutlej Textiles & Industries Ltd Q3FY21 consolidated PAT at Rs. 11.52 crores

SUTLEJ TEXTILES & INDUSTRIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.556.64 crores during the period ended December 31, 2020 as compared to Rs.473.33 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.11.52 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(4.72) crores for the period ended September 30, 2020.

The company has reported EPS of Rs.0.70 for the period ended December 31, 2020 as compared to Rs.(0.29) for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 556.64 crs	₹ 473.33 crs	17.6%
Net Profit	₹ 11.52 crs	₹ (4.72) crs	344.07%
EPS	₹ 0.70	₹ (0.29)	341.38%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.556.64 crores during the period ended December 31, 2020 as compared to Rs.586.35 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.11.52 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.17.43 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.70 for the period ended December 31, 2020 as compared to Rs.1.06 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 556.64 crs	₹ 586.35 crs	-5.07%
Net Profit	₹ 11.52 crs	₹ 17.43 crs	-33.91%
EPS	₹ 0.70	₹ 1.06	-33.96%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1227.27 crores during the 9 months period ended December 31, 2020 as compared to Rs.1897.14 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.(31.43) crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.41.50 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.(1.92) for the 9 months period ended December 31, 2020 as compared to Rs.2.53 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1227.27 crs	₹ 1897.14 crs	-35.31%
Net Profit	₹ (31.43) crs	₹ 41.50 crs	-175.73%
EPS	₹ (1.92)	₹2.53	-175.89%

Commenting on the results, Mr. C.S. Nopany, Executive Chairman, Sutlej Textiles and Industries Ltd. said: "The decline in Covid cases and the gradual lifting of restrictions in India has witnessed a revival of consumer consumption. Prices have recovered lost ground leading to an improvement in margins. Capacity utilization has finally reached optimum levels with the return of the workers. There is a renewed sense of confidence with the roll out of the aggressive vaccination program throughout the globe. While some portion of the current revival could be attributed to a pent-up demand, the growthoriented budget of the Government gives me optimism for sustained improvement in the performance of the textile sector."

Shares of SUTLEJ TEXTILES & INDUSTRIES LTD. was last trading in BSE at Rs.44.55 as compared to the previous close of Rs. 45.15. The total number of shares traded during the day was 12132 in over 169 trades.

The stock hit an intraday high of Rs. 45.4 and intraday low of 44.15. The net turnover during the day was Rs. 542547.

Source : Equity Bulls

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