Dollar Industries Limited announces Q3 FY22 results

Kolkata, January 28, 2022: Dollar Industries Limited, one of the leading Garment & Hosiery companies in the country has announced its financial results for the quarter ended December 31st, 2021.
 
Highlights for Q3 & 9 Month FY22 Standalone Financials
 
  Total Revenue for Q3FY22 & 9MFY22 stood at Rs.383.55 crore & Rs.980.05 crore as compared to Rs.312.44 & Rs.729.99 crores for Q3FY21 & 9MFY21 growth of 22.76% for Q3FY22 & 34.25 % for 9 Month FY22.
 
  Operating Revenue for Q3FY22 & 9MFY22 stood at Rs.382.05 & Rs.977.31crore as compared to Rs.311.79& Rs.728.64crores for Q3FY21& 9MFY21, growth of 22.53 % for Q3FY22 &34.13 % for 9 MonthFY22.
 
  EBITDA for Q3FY22 & 9MFY22 stood at Rs.65.80 crore i.e. 17.16% & Rs.164.07 crore i.e. 16.74 % as compared to Rs.43.81 crore i.e. 14.02 % & Rs.108.31 crores i.e. 14.84% for Q3FY21& 9MFY21, growth of 50.19%& 51.47 % for Q3FY22& 9 Month FY22.
 
  PAT for Q3FY22 & 9MFY22 stood at Rs.44.40 crore i.e. 11.58 % & Rs.108.76 crore i.e. 11.10 % as compared to Rs.28.38 crore i.e. 9.08% & Rs.67.18 crores i.e. 9.20% for Q3FY21 & 9MFY21, growth of 56.47 % & 61.89% for Q3FY22 & 9 Month FY22.
 

Commenting on the results, Mr. Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “The financial results for the third quarter of FY21-22 indicates that the Company has been able to align itself with its growth trajectory as we have witnessed a greater demand for our products in the market. We have witnessed volume growth in Q3FY22 around 11 % and 14% in Nine Month FY22.We have also managed to bring down our Working Capital cycle from 178 days in March,2021 to 154 days in December,2021.”