Deepak Jalan, MD, Linc Pen & Plastics Ltd
Linc Pen & Plastics releases second quarter financial results
Kolkata/IBNS: Linc Pen & Plastics Ltd, one of India’s leading writing instrument manufacturers, said its revenues, margins and surplus improved during the second quarter ending September 30, 2020.
The company registered a 9 per cent y-o-y growth in total revenues in FY20 compared to the same period in the previous fiscal year.
It recorded a 63% y-o-y growth in bottom line in Q4 FY20 compared to FY19 and a 101% y-o-y growth in FY20 compared to FY19.
EBITDA margin strengthened by 250 bps to 10 % in FY20.
The company’s results are creditable considering that most educational and commercial institutions in India have remained closed owing to the pandemic.
Linc generated Rs. 4,902 lakhs from domestic sales compared to Rs. 8,266 lakhs in Q2 FY 2019-20 and Rs. 1,944 lakhs in Q1 FY 2020-21.
Pentonic Gel and Pentonic V-RT were introduced during this period and the response was good, the company said in a release.
Linc generated Rs. 1,544 lakhs from exports in Q2 FY 2020-21 compared to Rs. 1881 lakhs in Q2 FY 2019 -20 and Rs. 770 lakhs in Q1 FY 2020-21.
Deepak Jalan, Managing Director, Linc Pen & Plastics Ltd said, “Better product mix, backed by a slight moderation in polymer prices, helped us improve our bottom line during FY20. 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% of last year same month.”
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