Rupa & Company

Net profit of knitwear manufacturer Rupa & Co declined 25.2 per cent at Rs 49.3 crore in the last quarter of 2021-22 as compared to Rs 65.9 crore in the previous similar period, a company statement said. Revenues of the company during the fourth quarter of last fiscal increased marginally to Rs 455.5 crore as against Rs 454 crore in the similar previous corresponding period. Earnings before interest, taxes, and amortization (EBITA) margins during the last quarter of FY22 also declined to 16.3 per cent as compared to 20 per cent in the previous similar period. Dinesh Lodha, CEO of the company, was quoted as saying that the fourth quarter of last fiscal was challenging as the industry faced headwinds due to the pandemic coupled with rise in raw material prices.

The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.

According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070.

The company's revenue from operations jumped 153 per cent year-on-year to Rs 453.99 crore from Rs 179.30 crore posted in the same quarter a year ago

The stock is locked in upper circuit of 20% at Rs 329 on the BSE in early morning trade.