Indian fashion fabric brand Donear's YTD profit up 851%

11 Feb '22

2 min read

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India’s reputed fashion fabric brand Donear Industries Limited reported an increase in its earnings before interest, taxes, depreciation, and amortization (EBITDA) up by 851.43 per cent from ₹32.78 crore in year to date (YTD) FY22 compared to ₹3.85 crore in YTD FY21, while its revenue from operations improved by 89.87 per cent for the same period.

The brand’s revenue from operation increased to ₹395.57 crore in YTD FY22 compared to ₹208.34 crore in YTD FY21, while its profit before tax saw a decline of 213.04 per cent to ₹16.22 crore in YTD FY22 compared to ₹-14.35 crore in YTD FY21.

In the October-December quarter (Q3) FY22, Donear Industries registered an increase of 52.12 per cent in its revenue from operations to ₹181.53 crore compared to ₹119.33 crore in Q3 FY21, an increase in its EBITDA by 562.47 per cent at ₹21.43 crore compared to ₹3.81 crore in Q3 FY21 and rise in its profit before tax by 562.47 per cent at ₹21.43 crore compared to ₹3.81 crore in Q3 FY21.

“These are challenging times for most of the sectors but even during this time, Donear Industries Ltd. has displayed high resilience and have achieved strong performance. We are pleased with the trust and confidence in the brand. The quarter gave us topline growth mainly driven by Branded Textile along with strong momentum maintained. We are sure that it will only get better from here. Donear Industries Limited has multiple business advancements coming up which will give us the boost we have been looking for,” said Rajendra Agarwal, promoter of the Donear Group, in a press release.

Fibre2Fashion News Desk (SF)

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