Indo Count Q2 FY21 revenue grows 23% to Rs. 724 cr.

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Indo Count, an Mumbai-based end-to-end bedding provider, has reported 23 per cent revenue growth to Rs. 724 crore in its second quarter (Q2) for FY21 that ended on September 30, 2020, compared to the revenue of Rs. 587.18 crore in the same period previous fiscal. Company’s net profit for the period rose to Rs. 80.83 crore compared to Rs. 10.61 crore in Q2 FY20.

“We are all challenged in this evolving world, however, despite the tough operating environment, our company recorded its highest ever quarterly sales volume, a testament to the resilience of our company’s team & capabilities, strong customer relationships and promising product profile,” Anil Kumar Jain, executive chairman at Indo Count, said in a press release.

EBITDA for the quarter grew 54 per cent to Rs. 127 crore (Q2 FY20: Rs. 82 crore). Whereas, profit before tax (PBT) for Q2 FY20 was Rs. 111 crore (Rs. 60 crore).

“We remain committed in creating new and progressive approaches to our product portfolio and services and thus continuing to contribute to the development of our customers,” Jain said.