Linc Limited clocks YoY growth of over 78 pct

"However, first quarter being traditionally a weaker quarter for the industry as such, Income fell by over 11% sequentially," Deepak Jalan, Managing Director, Linc Limited said.

"While the company continued to witnessed increase in input costs during the quarter, I am happy to state that we were able to pass on the raw material price increases, as we increased the selling price of our finished products from April 2022. This resulted in improved gross margin, which increased from 22.9% in Q4 FY22 to 25.4% in Q1 FY23," he said.

He said: "EBIDTA margin also improved to 9.5% and was up 631 basis points YOY and 277 basis point QoQ in spite of higher RM costs; largely due to increased selling price and relatively lower marketing & new customer acquisition costs."

Key Highlights:

  Total Income:

·         ₹9,926 Lacs, registering a growth of 78.7% YoY and down 11.5% QoQ

·         Share of ‘Pentonic’ increased to 29.3% in Q1 FY23 as against 25.5% in FY22

·         Gross Profit:

·         ₹2,487 Lacs, up 100.7% YoY & down 1.9% QoQ. Gross Margin was at 25.4%

·         EBITDA:

·         ₹931 Lacs, up 428% YoY & 25% QoQ. EBITDA Margin was at 9.5%

·         PAT:

·         ₹438 Lacs in Q1 FY23

·         EPS stood at ₹2.95 in Q1 FY23 vs (₹0.82) in the same period last year

·         Net Debt:

·         Debt has come down to zero and Net Debt is (₹486) lacs as against ₹290 lacs in FY 22

·         Net Debt / EBITDA improved further to (0.13) from 0.12 in March 2022. It stood as high as 2.43 in March 2018