India: Mallcom India Ltd, India’s one of the largest manufacturers of Head-to-Toe Personal Protection Equipment, has announced its results for the second quarter of FY 21-22.
Highlights:
• Net Revenue from operations for the Second Quarter, ending 30th September, 2021-22 fiscal, was Rs 104.15 crore: a increase of 24.56% over corresponding period of last financial year ( 83.61 crore)
• Profit After Tax for the quarter ending 30th September, 2021-22 was Rs. 8.51 crores; showing an increase of 37.93 % over corresponding period of last financial year (Rs. 6.17 crores)
• Shoes, Workwear, and Nitrile Gloves have performed exceptionally well during the quarter under review. Attending the first physical fair after 18 months in in November 2021 where Mallcom showcased its new range of products garnered lot of eyeballs and has positively impacted the order book for the remaining year.
• Focussing on value added products, improving brand equity, and economies of scale have led to significant margin improvement.
Business Outlook:
Commenting on the company’s performance, Mr. Ajay Mall (Managing Director), Mallcom India Limited said, “We have recovered well post the lockdown. With correct measures, faster turnaround, and experience in supply chain we have been able to service our clients satisfactorily which is reflected in our results. We are geared up and looking forward to post our best revenues for FY 2021-2022”
