Century Textiles and Industries Ltd Q1FY22 consolidated PAT at Rs. 21.60 crores

CENTURY TEXTILES & INDUSTRIES LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.851.97 crores during the period ended June 30, 2021 as compared to Rs.844.68 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.21.60 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(8.41) crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.93 for the period ended June 30, 2021 as compared to Rs.(0.75) for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 851.97 crs	₹ 844.68 crs	0.86%
Net Profit	₹ 21.60 crs	₹ (8.41) crs	356.84%
EPS	₹ 1.93	₹ (0.75)	357.33%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.851.97 crores during the period ended June 30, 2021 as compared to Rs.409.74 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.21.60 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(40.01) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.93 for the period ended June 30, 2021 as compared to Rs.(3.58) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 851.97 crs	₹ 409.74 crs	107.93%
Net Profit	₹ 21.60 crs	₹ (40.01) crs	153.99%
EPS	₹ 1.93	₹ (3.58)	153.91%

Commenting on the Ql FY22 results, JC Laddha Managing Director, Century Textiles and Industries Limited (CTIL) said, "Century Textiles and Industries Limited delivered robust growth across segments despite the disruption caused by the second wave of Covid-19. The manufacturing businesses, in particular, witnessed a strong turnaround on the back of continuous drive towards product innovation, customer centricity and better financial management. The Pulp & Paper business has performed well in the quarter due to strong demand from tissue and board segments. The Textiles business has seen a major turnaround supported by strong demand in the Bed Linen segment. The Real Estate business posted a significant jump in collections along with steady leasing income."

Shares of CENTURY TEXTILES & INDUSTRIES LTD. was last trading in BSE at Rs. 796.35 as compared to the previous close of Rs. 682.95. The total number of shares traded during the day was 555636 in over 20408 trades.

The stock hit an intraday high of Rs. 819.5 and intraday low of 668.85. The net turnover during the day was Rs. 420215226.

Source : Equity Bulls

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