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Indo Count Industries Ltd Earnings Release 2021
61460_rns_2021-10-26_4f1a560c-f1f3-45a4-9c1c-9cdf53f9fa99.pdf
Earnings Release
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October 26, 2021
| The NationalStock Exchange of India Ltd. | BSELimited |
|---|---|
| Listing Department | Departmentof CorporateServices |
| Exchange Plaza, | Floor 25, Phiroze Jeejeebhoy Towers, |
| Bandra Kurla Complex, Bandra (East), | Dalal Street, |
| Mumbai- 400 051 | Mumbai- 400 001 |
| Company Symbol:IOL | Scrip Code No.:521016 |
Subject: Press Release on Q2 & H1 FY22 Results
Please find enclosed herewith a copy of Press Release dated October 26, 2021 on Q2 & Hl FY22 Results.
Kindly take the above on record.
Thanking you,
Yours faithfully,
For Indo Count Industries Limited
Amruta Avasare Company Secretary ACS No.: 18844
Encl.:A/a
Indo Count Industries Ltd
Head OffIce; 301, Arcadia. 3rd Floor. Nariman Point, Mumbai - 400 021, Maharashtra. India; T 022 4341 9500, F 0222282 3098 Marketing Office Posti Imperia, 2nd floor, Manpada. Ghodbunder Road, Thane (w) - 400 607, Maharashtra, India; T' 022 4151 1800, F 02221720121 Home Textile DivIsIon T3, Kagal - Hatkananqale Five Star MIDC Ind, Area, Kolhapur - 416216, Maharashtra, India: T: 0231 6627900, F, 0231 662 7979 Spinning DIvision: 01, MIDC, Gokul Shirgaon, Kolhapur - 416234, Maharashtra, India: T 0231 268'7400, F; 0231 2672161 Regd. OffICe:Office No.1, Plot No, 266, Village AIle, Kumbhoj Road,Taluka Hatl<anangale,Dist. Kolhapur - 416 109, Maharashtra, India: T 0230 2463100 I 2461929 CIN: l72200PNl988PLC068972. E: [email protected]. W www.indocounlcom
Indo Count Industries Limited
* Excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021
Figures compared on YoY basis Figures are rounded off wherever required
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Indo Count Industries Limited
Mumbai, October 26th , 2021
Indo Count Industries Limited (BSE: 521016) (NSE: ICIL), announced its un-audited financial results for the Second Quarter ended 30th September 2021
Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman said,
"The Company's intrinsic strength has been demonstrated by its operational performance in conjunction with consistent cash accruals.
The unprecedented supply chain challenges have been impacting the industry pervasively. At Indo Count, we have been able to arrest cost inflation through various measures and our dynamic approach is helping the Company to progress in response to market developments and pave the way for future growth."
Volumes
- Q2FY22 sales volume at 18.9 Mn meters and H1FY22 sales volume at 37 Mn meters
- 10% of Q2FY22 volumes has been shipped and in transit due to longer shipping duration thereby impacting sales volume for the quarter
Consolidated Financial Performance
| Particulars (Rs. In Crs) | Q2FY22 | Q2FY21 | YoY% | H1FY22* | H1FY21 | YoY% |
|---|---|---|---|---|---|---|
| Total Income | 767 | 724 | 6% | 1,476 | 1,060 | 39% |
| EBITDA | 139 | 127 | 10% | 267 | 166 | 61% |
| EBITDA Margin (%) | 18.2% | 17.5% | 64 bps | 18.1% | 15.6% | 245 bps |
- Despite challenges on increase in overall input costs, rising freight costs, unavailability of shipping containers and longer transit duration and Increase in Working capital due to investment in supply chain, the Company has been able to achieve Highest ever half yearly REVENUE and EBITDA
- The Company is optimistic to achieve revenue of Rs.3,200+ Crores
Figures are rounded off wherever required * Excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021
Indo Count Industries Limited
Consolidated Balance Sheet
| Particulars (INR Cr.) | 30th Sep'21 | 31st Mar'21 |
|---|---|---|
| Shareholders Equity (Excluding Minority) | 1,445 | 1,285 |
| Net Debt | 449 | 263 |
| Net Debt: Equity | 0.31 | 0.20 |
| ROE% | 22.8%* | 19.4% |
| ROCE% | 26.1%* | 24.0% |
Focus on B2C and D2C
- Strongly moving towards B2C and D2C segment through high quality product offerings across varied price points, building visibility through digital campaigns and leveraging omni-channel & e-commerce distribution
- Focus on Brand Promotion in US, UK, Middle-East and India through 10 active brands
- Innovation and technological capabilities along with licensed brands, patents, trademarks will further strengthen brand offerings
Awards & Accolades
The prestigious Mahatma Award 2021 India was conferred to Indo Count Foundation under CSR Excellence Category
| Recognizedas'TopPerformer'suppliersatWalmart'sGlobalSourcingSustainabilitySummit | |
|---|---|
| -------------------------------------------------------------------------------------------------------------------------- | -- |
Winner of 2 Gold Trophies at TEXPROCIL for the second consecutive year
- Gold Trophy for the 'Highest Export Performance in Cotton made ups-bed linen/bed sheets/quilts'
- Gold Trophy for the 'Special Achievement Award in Cotton made-ups'
Honoured with the Navabharat Group 'Healthcare CSR of the year' award 2021. The recognition conferred to us by the Governor of Maharashtra, for our work towards Corporate Social Responsibility
Indo Count Industries Limited
About Indo Count Industries Ltd.
Indo Count Industries Ltd (ICIL), is one of India's largest Home Textile manufacturer. Mr. Anil Kumar Jain, Executive Chairman, has been ranked 10th amongst the India's Best Top 100 CEO's 2017 by Business Today. Under his leadership, the Company has focused on some of the world's finest fashion, institutional and utility bedding & sheets and has built significant presence across the globe. Over the years, the Company has successfully carved out a niche for itself and has become a total bedding resource. The company's annual capacity is 90 million metres.
CARE's credit rating is CARE A+ (Single A Plus; Outlook: Positive) for Company's Long-Term Bank Facilities and CARE A1+ (A One plus) for Short Term Bank Facilities. ICRA's credit rating is ICRA A+ (Single A plus; Outlook Positive) for Company's Long-Term Bank Facilities and ICRA A1+ (A one plus) for Short Term Bank facilities.
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
