Loyal Textile Mills reports Q4, FY21 earnings

Loyal Textile Mills has reported total revenue of Rs.370.76 Cr. for the Quarter ended and for the Year ended 31st March 2021 Rs.1121.80 Cr. against Rs.270.39 Cr. and Rs.1104.43 Cr. in the corresponding quarter and year ended of the previous year, respectively.

Net profit for the Quarter ended 31st March 2021 is Rs.13.84 Cr. as against Rs.0.38 Cr. in the previous year. Rs.10.29 Cr. has been provided for depreciation and Rs.9.05 Cr. for finance cost.

Net profit for the Year ended 31st March 2021 is Rs.27.52 Cr. as against Rs.4.26 Cr. in the previous year. Rs.43.07 Cr. has been provided for depreciation and Rs.35.03 Cr. for finance cost.

The Board of Directors have recommended Dividend @75% for the Financial Year 2020-21.

Shares of LOYAL TEXTILE MILLS LTD. was last trading in BSE at Rs.695.35 as compared to the previous close of Rs. 701.9. The total number of shares traded during the day was 2828 in over 164 trades.

The stock hit an intraday high of Rs. 743 and intraday low of 655.2. The net turnover during the day was Rs. 1942974.

Source : Equity Bulls

Keywords