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Orientbell Tiles Grows By 43% YoY In Unaudited Financial Results

With a continuous strong focus on Working Capital Management, Cash Conversion Cycle continues to be 13 days on 31-Mar-2021 vs 54 days on 31-Mar-2020. The Net debt was below ZERO at Rs (-) 19 crores as on 31st March 2021.

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Orient Bell on Tuesday announced its unaudited financial results for the quarter ending 31 March 2021. Revenue growth in the quarter was 43% y-o-y led by the renewed focus on New Products, Displays and Channel Engagements. This is up from the 21% y-o-y revenue growth in Q3 2021.

EBITDA margin improved further to 10.8% in Q4FY21 aided by higher volumes, lower fuel costs and cost control. On a consolidated basis (including OBL's share of profit from Associates), PAT for Q4FY21 at Rs. 8.3 crores vs Rs.5.1 Crore in Q4FY20.

With a continuous strong focus on Working Capital Management, Cash Conversion Cycle continues to be 13 days on 31-Mar-2021 vs 54 days on 31-Mar-2020. The Net debt was below ZERO at Rs (-) 19 crores as on 31st March 2021.

FY21 saw an addition of 69 new Orient Bell Tile Boutiques (OBTB's), highest so far in a single year, with an increase in the total number of active OBTBs to 230 as on 31st March 2021. In addition to this, the revenue from vitrified tiles improved to 41% vs 40% last year. OBL launched more than 500 SKUs launched YTDFY21 across existing & New Product categories.


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Orientbell Tiles