Century Textiles & Industries Ltd Q4FY21 consolidated loss at Rs. 8.41 crores

CENTURY TEXTILES & INDUSTRIES LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.844.68 crores during the period ended March 31, 2021 as compared to Rs.803.23 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.(8.41) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.32.11 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.(0.75) for the period ended March 31, 2021 as compared to Rs.2.87 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 844.68 crs	₹ 803.23 crs	5.16%
Net Profit	₹ (8.41) crs	₹ 32.11 crs	-126.19%
EPS	₹ (0.75)	₹ 2.87	-126.13%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.844.68 crores during the period ended March 31, 2021 as compared to Rs.801.21 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(8.41) crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.82.11 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(0.75) for the period ended March 31, 2021 as compared to Rs.7.35 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 844.68 crs	₹ 801.21 crs	5.43%
Net Profit	₹ (8.41) crs	₹ 82.11 crs	-110.24%
EPS	₹ (0.75)	₹ 7.35	-110.2%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2678.19 crores during the 12 months period ended March 31, 2021 as compared to Rs.3458.63 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(30.44) crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.365.25 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.(2.73) for the 12 months period ended March 31, 2021 as compared to Rs.32.70 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 2678.19 crs	₹ 3458.63 crs	-22.57%
Net Profit	₹ (30.44) crs	₹ 365.25 crs	-108.33%
EPS	₹ (2.73)	₹32.70	-108.35%

Commenting on the Q4 FY21 results, JC Laddha Managing Director, Century Textiles and Industries Limited (CTIL) said, "Our business has shown resilience in Q4 FY21 and all three business segments have shown a steady improvement every quarter. Despite the second wave of the pandemic threatening public health and economic recovery, the company remains optimistic about growth prospects in medium to long term due to its well diversified businesses, customer centric approach, innovation, with focus on cost and cash flow. In the quarter the Pulp & Paper business has grown steadily owing to growing demand in tissues and board segment. The Textiles business has returned to normalcy and production was at optimal levels due to healthy demand in across markets. The Real Estate division has seen robust growth across markets due to healthy demand for residential real estate, registering the highest ever quarterly sales by the company."

Shares of CENTURY TEXTILES & INDUSTRIES LTD. was last trading in BSE at Rs.477.15 as compared to the previous close of Rs. 472.55. The total number of shares traded during the day was 95315 in over 1719 trades.

The stock hit an intraday high of Rs. 482.9 and intraday low of 473.35. The net turnover during the day was Rs. 45480661.

Source : Equity Bulls

Keywords