Nakoda registers robust financial performance in 2011
14 Feb '12
2 min read
NAKODA Limited, one of the largest manufacturers of the fully drawn yarn, announced its unaudited financial results for the year ended, December 31, 2011.
The company registered a 59.74% increase in revenue which stood at Rs. 2138.70 crs for the year 2011 as compared to Rs. 1338.89 crs in 2010. In the Q4 company registered a 60.20% increase in revenue which stood at Rs. 609.82 crs for the 2011 as compared to Rs. 380.67 crs in 2010. Overall the business verticals have shown robust performance.
Commenting on the company's performance in the year ended December 31, 2011, Mr. B.G. Jain, Chairman & Managing Director, NAKODA Limited said, “Our results for the year under review are very encouraging. It has been a year of strong performance and consolidation for NAKODA LTD.
Financial Highlights Full year FY 2011 - Standalone Revenue is up by 59.74% from Rs.1338.89 crs to Rs.2138.70 crs, - EBITDA is up by 65.72% from Rs. 73.78 crs to Rs.122.27 crs, - PAT is up by 49.08% from Rs. 33.15 crs Rs.49.42 crs.
Q4 2011 - Standalone Revenue of Rs.609.82 crs, increase of 60.20 % over Q4FY10. - EBITDA for Q4FY11 was Rs.34.55 crs, increase of 66.75 % over Q4FY10. - PAT for Q4FY11 at Rs.13.87 crs, increase of 49.62 % over Q4FY10.
Nakoda, an ISO 9001 - 2008 company is one of the prominent players in the Polyester Filament Yarn Industry in the country. With the completion of its ongoing backward integration / expansion / forward integration project with a capital outlay of Rs 333 Cr, Nakoda has achieved a capacity of 1,40,000 MTPA.