Tilaknagar Industries Q3 Net Revenue Up 23 Per cent at Rs. 206 Crore; Net Profit at Rs. 10 Crore

Tilaknagar Industries Limited (BSE: 507205) (NSE: TI), one of many main Indian-Made Foreign (*23*) (IMFL) producers, has reported a web revenue of Rs. 10 crore for the quarter ended (*10*) 2021 as in opposition to a web lack of Rs. 3.9 crore within the corresponding quarter a yr in the past.

TI registered a 23 per cent improve in web income from operations at Rs. 206 crore within the October-(*10*) quarter 2021 as in opposition to Rs. 167.6 crore in the identical interval final yr. Makers and promoters of the ‘Mansion House‘ model (MHB), TI recorded a 13 per cent year-on-year soar in gross sales volumes within the third quarter ended (*10*) 2021. The firm’s volumes grew to 18.7 lakh instances within the quarter below assessment from 16.5 lakh instances within the October-(*10*) interval a yr in the past. MHB, the corporate’s flagship model, additionally clocked a 17 per cent year-on-year development.

Mr. Amit Dahanukar, Chairman and Managing Director, Tilaknagar Industries stated, “Over the final couple of quarters, now we have showcased a turnaround technique not solely by way of web debt administration but additionally round development and profitability. Despite inflationary pressures throughout the business, now we have been in a position to preserve our margins on account of our regional and product combine.”

In the quarter-ended (*10*) 2021, the corporate’s EBITDA margins have been sturdy at 15.7 per cent and its debt has decreased by Rs. 55 crore since March 2021. TI’s debt has decreased to Rs. 488 crore as of (*10*) 2021 from Rs. 543 crore as of March 2021.

“The subsequent couple of quarters look promising on account of recent product launches, regional expansions and introduction of recent development avenues. The 141-crore preferential concern that we accomplished within the final quarter will assist us on this regard,” Mr. Dahanukar added. Recently, the board of Tilaknagar Industries had permitted the allotment of fairness shares to investor, Lotus Family Trust and convertible warrants to 2 of the corporate’s promoter entities. In addition, the corporate additionally allotted fairness shares to Edelweiss ARC for conversion of part of the steadiness debt into fairness.

TI operates 16 manufacturing models unfold throughout the nation with presence throughout all segments of the IMFL business.

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