Dollar announces Q1 FY21 results

Dollar Industries, one of the leading garment and hosiery companies in the country, has announced its financial results for the quarter ended June 30, 2020.

admin September 1, 2020 12:00 am 2

Dollar Industries, one of the leading garment and hosiery companies in the country, has announced its financial results for the quarter ended June 30, 2020.

Highlights for Q1FY21 standalone financial

Total revenue for Q1FY21 stood at Rs 160.17 crore as compared to Rs 233.94 crore for Q1FY20, de-growth of 31.53 per cent

Operating revenue for Q1FY21 stood at Rs 159.99 crore as compared to Rs 233.59 crore for Q1FY20, de-growth of 31.51 per cent

EBITDA for Q1FY21 stood at Rs 28.83 crore as compared to Rs 27.32 crore for Q1FY20, growth of 5.54 per cent

PAT for Q1FY21 stood at Rs 16.43 crore as compared to Rs 12.90 crore for Q1FY20, growth of 27.47 per cent

Commenting on the results, Vinod Kumar Gupta, Managing Director, Dollar Industries, said, â€œThe 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, that is to run the business in worst scenario. 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.â€

Keeping in mind the health and safety of its consumers, Dollar Industries will soon launch a unique range of products. Clubbed with new age technology and Dollarâ€™s trusted products, the upcoming range will be soon available for consumers across the country.

CATEGORIES Apparels & Garments