Indo Count Q1 Review - Strong Demand Trends To Spur Revenue Growth: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.Indo Count Industries Ltd. reported a resilient performance amid a challenging scenario.Owing to stringent lockdown measures in Maharashtra, manufacturing operations were disrupted in Q1 FY22 (May 15-23). Revenue for the quarter grew 3% QoQ to Rs 714 crore (up 115% YoY).During the quarter, Indo Count has recognised rebate of state and central taxes and levies incentives worth Rs 90 crore, out of which Rs 50 crore pertains to Q4 FY21. Other income grew 3.4 times QoQ to Rs 45 crore of which Rs 30 crore pertains to foreign exchange gain (that is considered to be operational in nature). Adjusting for the previous quarter’s incentives in both quarters (Q4 FY21 and Q1 FY22), adjusted revenue de-grew 8% QoQ. .Click on the attachment to read the full report: .DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indo Count Q1 Review - Strong Demand Trends To Spur Revenue Growth: ICICI Direct

Indo Count Q1 Review - Strong Demand Trends To Spur Revenue Growth: ICICI Direct

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