Q4 Company Update - Nirlon Ltd - ICICI Direct

Nirlon's FY21 performance was muted. Revenues in FY21 grew 2.2% YoY to Rs. 316.9 crore. For Q4FY21, it was Rs. 77.1 crore, down 6% YoY. Occupancy, which was at 95.2%, was lower QoQ vs. 97.5% in Q3, as one large licensee moved out post expiry of their license. EBITDA for FY21 at Rs. 237.2 crore was up 2.7% YoY. PAT at Rs. 127.4 crore for FY21 was up 16.4% YoY, also aided by lower interest, due to capitalisation.

For details, click on the link below: Link to the report

Shares of NIRLON LTD. was last trading in BSE at Rs.295 as compared to the previous close of Rs. 309.35. The total number of shares traded during the day was 29894 in over 485 trades.

The stock hit an intraday high of Rs. 315.9 and intraday low of 293.45. The net turnover during the day was Rs. 8910240.

Source : Equity Bulls

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