Kolkata-based leading knitted garment company Dollar Industries Limited has announced its Q3, FY21 results.
The total revenue of the company for Q3, FY21 and 9 months of FY21 stood at Rs. 312.44 crore and Rs. 730 crore as compared to Rs. 255.43 crore and Rs. 733.14 crore for Q3, FY20 and 9 months of FY20.
The revenue noticed growth of 22.32 per cent for Q3, FY21 and de-growth of 0.43 per cent for 9 months of FY21, respectively.
Profit after tax (PAT) for Q3, FY21 and 9 months of FY21 stood at Rs. 28.38 crore (i.e., 9.08 per cent) and Rs. 68.07 crore (i.e., 9.32 per cent) as compared to Rs. 19.58 crore (i.e., 7.67 per cent) and Rs. 46.58 crore (i.e., 6.35 per cent) for Q3, FY20 and 9 months of FY20.
The PAT marked growth of 44.95 per cent and 46.11 per cent for Q3, FY21 & 9 months of FY21, respectively.
Vinod Kumar Gupta, MD of the company, commented, “Our company crossed the mark of Rs. 300 crore of turnover this quarter. Also, this quarter the industry witnessed a sharp increase in prices of cotton and yarn starting November 2020. It will take a while before the prices stabilise for yarn. The company continues its journey of growth working on revamping the distribution channel and digitisation. We look forward to a bullish Q4, FY21.”
Dollar Industries Limited claims to hold 15 per cent of the total market share in the organised segment and is the first Indian innerwear company to have a fully integrated manufacturing unit which is equipped with all the latest processing technology and the top-most finishing range to produce finished raw material dyed in any possible colour.
