Timex Group India Ltd - Financial Performance - Q3 FY2020-21

- Revenue has de-grown by 23% during the quarter as compared to 56% during last quarter, as compared to last year numbers. During nine months revenue has de-grown by 55% over last year.

- EBIDTA is at Rs. 538 lacs during the quarter as compared to negative Rs. 202 lacs during last quarter. EBIDTA for nine months is at negative Rs. 753 lacs as compared to Rs. 832 lacs last year.

- Profit before tax is at Rs. 400 lacs as compared to loss before tax of Rs. 357 lacs during last quarter. During nine months loss before tax is at Rs. 1199 lacs compared to profit before tax of Rs. 379 lacs last year.

- Revenue from operations includes other operating income for the quarter and nine months ended December 31, 2020 of Rs. 164 lacs on account of reversal of provisions against receivables, created during quarter ended March 31, 2020.

Shares of TIMEX GROUP INDIA LTD. was last trading in BSE at Rs.27.6 as compared to the previous close of Rs. 26.3. The total number of shares traded during the day was 30336 in over 111 trades.

The stock hit an intraday high of Rs. 27.6 and intraday low of 26.1. The net turnover during the day was Rs. 822708.

Source : Equity Bulls

Keywords