Key Highlights for Quarter & Half year ended Sept.'21
Update on Battery Segment
- Revenue has increased by 20% & 31% for quarter & half year ended Sept'21 respectively on YoY basis.
- Operating Margin (EBIDTA) has improved to 15.9% from 14.9% for quarter ended Sept'21 and to 14.8% from 12.8% for half year ended Sept'21 on YoY basis.
- PBT has increased by 36% & 91% for quarter & half year ended Sept'21 respectively on YoY basis.
- Battery division has achieved revenue of ₹ 8.9 crs for the quarter ended Sept'21 which is up by 182% over quarter ended June'21 (₹ 3.2 crs) and achieved total revenue of ₹ 12.1 crs for half year ended Sept'21 v/s of ₹ 0.2 crs for half year ended Sept'20.
Company's newly added vertical "Lithium-ion Battery" has commenced its operation in Mar'20 and started generating revenue. Led by the various government initiatives/incentives, increased fuel prices & environmental concerns, demand and consumer awareness for electric mobility has gone-up manifold and same is being reflected in high demand for electric vehicles. We firmly believe this momentum of shift from "ICE to Electric" will continue & grow further in time ahead and this will benefit Company to improve its performance further in EV segment. Company is actively engaged with many start-up & established players of EV industry and talks are at various level of stages in term of design, third party agencies approval, cost etc.
Shares of Kabra Extrusion Technik Limited was last trading in BSE at Rs. 250.50 as compared to the previous close of Rs. 239.75. The total number of shares traded during the day was 42278 in over 2249 trades.
The stock hit an intraday high of Rs. 258.95 and intraday low of 232.45. The net turnover during the day was Rs. 10515011.00.
Source : Equity Bulls