Linc Pen reports nearly Rs 400 crore revenue in FY 20, first time ever says company
Kolkata/IBNS: Linc Pen & Plastics Ltd, one of India’s leading writing instrument manufacturers, said for the first time in the company’s history, it achieved nearly Rs 400 crore of revenue during the financial year 2020.
Deepak Jalan, Managing Director, Linc Pen & Plastics Ltd said, “I am pleased to inform that we registered a 9 per cent y-o-y growth in our total revenues in FY20 compared to the same period in the previous fiscal year. We recorded a 63 per cent y-o-y growth in our bottom line in Q4 FY20 compared to FY19 and a 101 per cent y-o-y growth in FY20 compared to FY19. Our EBITDA margin strengthened by 250 bps to 10 per cent in FY20.”
According to Jalan, better product mix, backed by a slight moderation in polymer prices, helped the company to improve its bottom line during FY20.
He said, “The first two months of FY21 were washed out due to the lockdown and the sales recovery in June 20 in the domestic market is to the tune of about 50 per cent of last year same month.”
According to the company’s latest financial report for the quarter ended March 31, 2020, in the domestic market, ‘Pentonic’ became a fast emerging product (launched in FY19) and the second largest product in terms of volume and the largest product in terms of value in the overall product basket of the company
The company said the response to the Pentonic Gel and Pentonic V-RT were equally good.
The company reported Rs 8,080 lakh of domestic revenues for Q4 FY20 compared to Rs 7,827 lakhs for the same period in FY19 (3.2 per cent y-o-y growth)
The company said it generated Rs 2,107 lakh from exports during Q4 FY20 compared to Rs 3,032 lakhs for the same period in FY19 (y-o-y decline of 30 per cent).
Majorly the decline was on account of shipments being shifted to next quarter due to the lockdown, according to the company.