Century Textiles and Industries Ltd consolidated Q2FY22 PAT climbs to Rs. 44.71 crore

The Board of Directors of Century Textiles & Industries Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 1034.27 crore, against ₹620.54 crore in the corresponding quarter of the previous year (YoY) and ₹851.97 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹44.71 crore, against ₹-14.13 crore in the corresponding quarter of the previous year (YoY) and ₹21.60 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹4, against ₹-1.27 in the corresponding quarter of the previous year (YoY) and ₹1.93 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 1034.27 crs	₹851.97 crs	21.40%	₹620.54 crs	66.67%
Net Profit	₹44.71 crs	₹21.60 crs	106.99%	₹-14.13 crs	416.42 %
EPS	₹4	₹1.93	107.25%	₹-1.27	414.96%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹1886.24 crore, against ₹1030.28 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹66.31 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-54.14 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹5.94 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-4.85 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹1886.24 crs	₹1030.28 crs	83.08%
Net Profit	₹66.31 crs	₹-54.14 crs	222.48%
EPS	₹5.94	₹-4.85	222.47%

Commenting on the Q2 FY22 results, JC Laddha Managing Director, Century Textiles and Industries Limited (CTIL) said - "Century Textiles and Industries Limited continued its journey of resilient performance despite the disruptions caused by the pandemic. Manufacturing businesses posted excellent results due to healthier business environment, robust productivity at our manufacturing plants and financial prudence. Pulp & Paper business saw the best ever quarter in terms of production and sales volumes mainly supported by higher volumes from value added products and new products. The Textiles business saw a strong revival supported by robust domestic demand on account of upcoming festive season. The Real Estate business received a strong response to its Kalyan Phase 2 launch.
BR>Shares of Century Textiles & Industries Limited was last trading in BSE at Rs. 935.55 as compared to the previous close of Rs. 935.60. The total number of shares traded during the day was 25249 in over 1754 trades.

The stock hit an intraday high of Rs. 949.45 and intraday low of 926.00. The net turnover during the day was Rs. 23693610.00.

Source : Equity Bulls

Keywords

CenturyTextiles Q2FY22 H1FY22 ResultUpdate