Dollar Industries Limited, the Kolkata-based leading manufacturer and brand of intimatewear, has announced its Q1 financial results (ended 30 June 2020) of FY21.
The total revenue for this quarter saw a de-growth of 31.53 per cent at Rs.160.17 crore as compared to Rs. 233.94 crore of the same period of last financial year.
Similarly, there was 31.51 per cent de-growth in operating revenue as for first quarter of current fiscal year it remained Rs.159.99 crore compared to Rs. 233.59 crore for Q1, FY20.
Despite this de-growth, PAT (profit after tax) of the company in Q1 of the current fiscal increased, as it stood at Rs.16.43 crore, compared to Rs.12.90 crore for Q1 FY2 (at a growth of 27.47 per cent).
Vinod Kumar Gupta, MD of the company, believes “The impact of COVID-19 pandemic on the health of business of the companies has provided an opportunity to companies to work in a different way, that is to run the business in worst scenario. With the decreased revenue, the companies are trying to cut costs and adopt other measures to decrease their other consequential expenses as well. The companies are restoring to other innovative means to draw their customers.”
The company will soon launch a unique range of products. Clubbed with new-age technology and Dollar’s trusted products, the upcoming range will be soon available for consumers across the country.
