New Delhi, February 19, 2022: Linc Limited. (formerly Linc Pen and Plastics Limited), one of the most trusted names in the writing instruments business, announced its Q3FY22 and 9MFY22 results today. The Board of Directors of Linc Limited at its meeting held on 14th February 2022 took on record the Unaudited Financial Results for the third quarter of 2021-22 ended 31st December 2021. They have a robust domestic and international presence spreading across 50 countries and the brand is respected for producing world-class and innovative products.
|
Financial Summary |
Q3FY22 |
Q3FY21 |
YoY% |
Q2FY22 |
QoQ% |
9MFY22 |
9MFY21 |
YoY% |
|
Total Income |
9,575 |
7,123 |
34.4% |
9,439 |
1.4% |
24,568 |
16,322 |
50.5% |
|
Gross Profit |
2,416 |
1,484 |
62.8% |
2,250 |
7.4% |
5,905 |
3,586 |
64.7% |
|
Gross Profit Margin |
25.3% |
20.9% |
21.2% |
23.9% |
5.8% |
24.2% |
22.0% |
9.8% |
|
EBITDA |
714 |
218 |
228.1% |
805 |
-11.3% |
1,695 |
396 |
327.9% |
|
EBITDA Margin |
7.5% |
3.1% |
144.1% |
8.6% |
-12.6% |
6.9% |
2.4% |
185.2% |
|
PAT |
279 |
-128 |
NA1 |
358 |
-22.2% |
514 |
-616 |
NA1 |
Commenting on the results, Mr. Deepak Jalan, Managing Director, Linc Limited said:
“I am pleased with the all-round performance during the quarter. In spite of schools & colleges continuing to remain closed most of the quarter due to Covid restrictions, our revenue has grown sequentially as well as YoY. With colleges starting to open in a few states and a few other schools & colleges slated to open in most of the other states, we expect strong growth in demand for our products in the coming quarters. In spite of heightened raw material prices, we were able to improve our Gross Margins due to a better sales mix. EBITDA margins also improved handsomely YoY but fell QoQ due to the impact of an increase in GST rates and the company restarting its marketing efforts in anticipation of the opening of schools and colleges. We however continue to focus on increasing the share of higher-margin products to improve our gross margins. Our relentless focus on increasing sales touchpoints also continues as we continue to add touchpoints.”
Milestones Achieved
§ Total Income:
· Rs. 9,575 Lacs, registering a growth of 34.4% YoY & 1.4% QoQ
· Share of Pentonic increased to 26% in Dec 21 as against 20% in FY21
§ Gross Profit:
· Rs.2,416 Lacs, up 62.8% YoY and 7.4% QoQ & Gross Margin was at 25.3%
· EBITDA:
· Rs.714 Lacs, up 228.1% YoY and down 11.3% QoQ & EBITDA Margin was at 7.5%
· The QoQ reduction was mainly due to the impact of an increase in GST from 12% to 18%
· PAT:
· Rs.279 Lacs in Q3 FY22
· EPS stood at Rs.1.87 vs Rs. (0.86) in the same period last year
· Net Debt:
· Rs. 143 Lacs vs. Rs. 907 Lacs (March 2021); reduction of Rs. 764 Lacs
· Net Debt / EBITDA improved further to 0.07 from 0.89 in March 2021. It stood as high as 2.54 in March 2018
Corporate Comm India (CCI Newswire)
