Linc Ltd Q3FY23: PAT jumps 299.6% to Rs 1,113 lakhs

Sequentially, the PAT grew by 16.5%. PAT Margin was at 8.9%.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), a metric used to gauge a company’s operating performance, stood at an all-time high of Rs 1,859 lakhs, up 160.4% YoY & 13.3% QoQ, the company said. EBITDA Margin was at 14.9%.

Earnings Per Share (EPS) stood at Rs 7.48 in Q3 FY23 vs Rs 1.87 in the same period last year.

Linc Ltd said its gross profit stood at a record high of Rs 4,126 lakhs, up 70.7% YoY and 6.5% quarter-on-quarter. Gross Margin was at 33.1%.

During the period under review, the company’s total income stood at Rs 12,495 lakhs, registering a growth of 30.5% YoY and down 2.2% QoQ

Share of its Pentonic brand stood at 30.3% in Q3 FY23 as against 25.5% compared to the same period in FY22.

Commenting on the results, Linc Ltd Managing Director Deepak Jalan said:
“Continuing on our strong performance in the previous quarter, Q3 FY23 has also been a landmark quarter as we have achieved highest ever profit in the history of our company. Total Income for Q3 FY23 amounted to Rs 12,495 lakhs as against Rs 9,575 lakhs in Q3 FY 22, clocking a YoY growth of over 30%."

Better product mix, along with stable raw material prices during the period resulted in a sharp increase in operating margin, Jalan underscored.

"Gross margin increased from 30.5% in Q2 FY23 to 33.1% in Q2 FY23. EBITDA margin also improved to 14.9% and was up 744 basis points YOY and 201 basis points QoQ in spite of higher manpower and advertisement costs," he added.