“Despite challenges on increase in overall input costs, rising freight costs, unavailability of shipping containers and longer transit duration and Increase in Working capital due to investment in supply chain, the Company has been able to achieve Highest ever half yearly Revenue and EBITDA. 10% of Q2FY22 volumes has been shipped and in transit due to longer shipping duration thereby impacting sales volume for the quarter. Q2FY22 sales volume stood at 18.9 Mn meters and H1FY22 sales volume at 37 Mn meters. At Indo Count, we have been able to arrest cost inflation through various measures and our dynamic approach is helping the Company to progress in response to market developments and pave the way for future growth,” Anil Kumar Jain, Executive Chairman, said. The unprecedented supply chain challenges have been impacting the industry pervasively. “The Company’s intrinsic strength has been demonstrated by its operational performance in conjunction with consistent cash accruals. EBITDA Margin at 18.2% in Q2FY22 compared to 17.5% in Q2FY21 64 bps yoy. EBITDA was at Rs139cr in Q2FY22, an increase of 10% yoy from Rs127cr in Q2FY21. Indo Count Industries Limited registered a total income of Rs767cr in the second quarter ended September 30, 2021, a rise of 6% yoy from Rs724cr in Q2FY21.
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