Sakar announced stellar results for FY21 with consolidated revenue growth exceeding 14% compared with the same period a year ago. This was mainly due to rise in sales across both exports and contract manufacturing segments. The Ahmedabad, Gujarat-India-based company has been consistently showing a double-digit increase in both topline and bottom-lines for the past many years. Its EBITDA margins have also remained stable over 25%.
Sakar Healthcare Announces Strong Fourth Quarter and Full Year Fiscal 2021 Results
The Indian economy saw a massive deceleration in growth this fiscal due to challenges posed by COVID-19. Despite these tough conditions Sakar’s consolidated revenues for fourth quarter was ₹21.7 crores, an increase of a whopping 19% year-over-year. Similarly, its consolidated revenues for full-year Fiscal 21 grew by 14.2% to ₹94.7 crores from ₹83 crores compared with the same period a year ago. This growth in revenues was primarily driven by exports. Its contracting manufacturing segment also remained stable despite challenging conditions.
This story is from the June 21, 2021 edition of Dalal Street Investment Journal.
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This story is from the June 21, 2021 edition of Dalal Street Investment Journal.
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