- RevenuesRs.2618 croreup by130%,
- EBIDTAstoodatRs.289crore,asignificantincreaseony-o-ybasis,
- PBTandPATwererecordedatRs.75croreandRs.44crorerespectively,
Commenting on the results, Dr. Raghupati Singhania, Chairman and ManagingDirector(CMD), said, “The first quarter of this fiscal year started on a subduednote due to resurgence of second wave of the pandemic and lockdowns, whichimpacteddemand. Despitethesechallengingmarketconditions,weachievedencouraginggrowthinrevenuesandprofitability. Withtherisinginputcosts,operatingmarginswereimpacted.Nonetheless,wearetakingjudiciouspriceincreaseacrossproductcategories. TheCompanycontinuedtofocusonreplacement and export sales. At the same time relationship with OEMs are beingexpandedandstrengthened.”
“Weexpectimprovedmarketconditions,emanatingfrom higher inoculation levels and sharprecoveryineconomicactivities, whichislikelytoimprovesaleinbothreplacementandOEMsegments. Goingforwardweare optimistic and expect ahealthygrowthoftheindustry.”
Dr.Singhaniafurtheraddedthat,“theCompanycontinuestogiveutmostprimacyto the well-being and safety of its employees, business partners and society. In thisdirection, we have launched an initiative “JK Cares” program, to support the familyof employees, who lost their lives during the pandemic on three fronts – financial, educationalandhealthinsurance.”
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
