Dollar Industries Q1 FY20: revenue ₹160 cr; EBITDA ₹29 cr

21 Aug '20

1 min read

Pic: Dollar Industries Limited

Dollar Industries Limited, an India-based leading garment & hosiery company, has reported 31.5 per cent revenue decline to ₹160.17 crore in its first quarter (Q1) fiscal 2021 ended on June 30, 2020 compared to revenue of ₹233.94 crore in same period last year. EBITDA for the reported quarter slightly grew to ₹28.83 crore (Q1 FY20: ₹27.32 crore).

“The impact of Covid-19 pandemic on the health of business of the companies has provided an opportunity to companies to work in a different way. With the decreased revenue, the companies are trying to cut cost and adopt other measures to decrease their other consequential expenses as well. The companies are restoring to other innovative means to draw their customers,” Vinod Kumar Gupta, managing director, Dollar Industries Limited, said in a press release.

Profit after tax for Q1 FY20 jumped 27.47 per cent to ₹16.43 crore (₹12.90 crore).

“Keeping in mind the health and safety of its consumers, Dollar Industries Limited will soon launch a unique range of products. Clubbed with new age technology and Dollar's trusted products, the upcoming range will be soon available for consumers across the country,” Gupta said.

Fibre2Fashion News Desk (JL)

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