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Pioneer Embroideries Ltd - Update on Third Quarter - FY2021 Financial Performance
Posted On: 2021-02-02 08:38:13 (Time Zone: Arizona, USA)
Pioneer Embroideries Ltd. (PEL), a leading manufacturer of customized Dope Dyed Polyester Yarn (DDPY) and Embroidered Fabrics & Laces (EFL), reported its third quarter financial performance, which saw it achieving one of its best-ever operational EBIDTA on back of a good demand of its DDPY products in domestic and exports markets.
Earnings Before Interest, Depreciation, Tax and Amortisation (EBIDTA) for Q3 FY2021 stood at Rs. 1,121 lakh, more than double over the corresponding previous quarterly figure of Rs. 536 lakh. On a quarter-on-quarter basis, EBIDTA for the third quarter was also 95 % higher. Similarly, for the 9-month period ending Dec, 2020, PEL s EBIDTA of Rs. 1,849 lakh increased by 15% over the corresponding previous period figure of Rs. 1,604 lakh.