Linc Pen Kolkata/IBNS: Even as most educational institutions continued to be closed and student demand for writing instruments remained subdued, Linc Pen & Plastics Ltd recovered revenues to 94 per cent of what the company had achieved in the normalized corresponding quarter of the previous year (fourth quarter of 2019-2020).
The announcement was made by Deepak Jalan, Managing Director, Linc Pen & Plastics Ltd as the writing instruments manufacturing company declared its fourth quarter results ending March 31, 2021.
The company, in its latest report, said it widened its retail network by 13,000; with the total retailers’ reach was 1,48,000 at the year-end.
The company’s total debt declined in FY21; finance cost declined from Rs 93 lakhs in Q2 to Rs 65 lakhs in Q3 to Rs 20 lakhs in Q4.
Pentonic sales continued to account for a growing proportion of revenues, according to the report.
The company has widened its product basket to include non-stationery products.
Exports were Rs. 1,236 lakhs in Q4 FY 2020-21 (Rs. 2,017 lakhs in Q4 FY 2019-20 and Rs. 1,308 lakhs in Q3 FY 2020-21).
Apart from India, it conducts business in over 50 countries.
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