Q3FY22 Quarterly Result Announced for Tarsons Products Ltd.
Plastic Products company Tarsons Products declares Q3FY22 result: Q3FY22 : Revenue from Operations Rs. 71 crores Gross Profit Rs. 55 crores EBIDTA Rs. 33 crores Profit after Tax Rs. 22 crores Revenue contribution from exports has increased from 31% in Q3FY21 to 41% in Q3FY22 9MFY22 : Revenue from Operations Rs. 216 crores Gross Profit Rs. 172 crores EBIDTA Rs. 108 crores Profit after Tax Rs. 71 crores Commenting on the Q3 & 9MFY22 performance of the company Mr. Rohan Sehgal Said: “We are delighted to post strong revenue & profitability growth for Q3 & JMFY22 on the back of strong demand for our products across the end user industry. Revenue for 9WFY22 grew by 34% and PAT for 9MFY22 grew by 57% on YoY basis. Our domestic business witnessed strong momentum with demand for our products and wallet share addition across customers increasing on month on month basis. Our export business also grew by ~42% for 9MFY22 as compared to the same period last year. Going forward, we are optimistic of the demand scenario from the domestic and the overseas market and our product diversification strategy coupled with addition of wallet share from the existing customers helps us to maintain a positive outlook on the revenue growth and profitability. Our expansion plans with new facility and upgradation of capabilities in the existing plants is on track and should be operational by middle of FY23 At Tarsons, we believe in Trust & Quality which will help us to capture higher market share in the growing plastic labware market Moving forward, we also reiterate our confidence in our ability to sustain Company’s delivery of outstanding shareowner value” Result PDF08-02-2022