Mumbai, June 30, 2021: Shahlon Silk Industries Ltd., a leading textile enterprise, has declared its financial results for the Quarter ended March 31, 2021.
Q4FY21 – Financial Highlights
- Revenue from Operations was at Rs. 106.68 crore
- EBITDA was at Rs. 10.77 crore
- Net Profit was at Rs. 3.37 crore; increased significantly from loss of Rs. (3.84 crore) in Q4FY20
FY21 Financial Highlights
- Revenue from operations was at ₹ 214.42 crore
- EBITDA was at Rs. 19.56 crore
- Net Profit was at Rs. 3.47 crore; increased significantly by 12.88 times from Rs.0.25 crore in Q4FY20
Operational Highlights
- The decrease in both short and long term debt has resulted in decrease in finance cost during the year and helped in increasing the overall profitability of the company
- During the year the company had realised gains of Rs. 13.60 crore under compulsory acquisition of land and building by Government of India for Vadodara – Mumbai Express Highway, which forms part of exceptional item
- The board of directors have recommended dividend of 2.5% per equity share of Rs. 10 face value
- The Board of Directors has recommended split/sub-division of equity shares of the company from the existing face value of Rs. 10/- per equity share to face value of Rs. 2/- per equity share
Quote from the Management
Commenting on the Results, Mr. Dhirubhai Shah, Chairman said, “We are witnessing good recovery in demand of yarns and fabrics in both domestic and international markets. Overall textile as a sector is doing well and we are equally benefited from the upward trend in the sector.”
He further added, “With increasing cash flows, the company was able to reduce the debt and will continue to reduce the debt in the coming years too. This would increase our profitability during the current year and years to come.”
