LA Opala Q3 Review - Record Sales, Profits: Centrum Broking

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..Centrum Broking Report.La Opala RG Ltd. clocked record sales of Rs 1.09 billion (up 39% YoY), Ebitda of Rs 0.45 billion (up 44% YoY) and profit after tax of Rs 0.33 billion (up 28%). This was the first quarter in the company’s history wherein it crossed Rs 1 billion of quarterly sales. Gross margins and Ebitda margins expanded by 900 basis points and 150 bps to 76% and 41% respectively. La Opala's capacity utilisation at both the plants were at 100%. Demand was led by higher spend by consumers on discretionary items and a very strong marriage season. Despite first ten days of January sales being impacted on account of Omicron wave led lockdowns, demand outlook for Q4 FY22 continues to remains strong..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.

LA Opala Q3 Review - Record Sales, Profits: Centrum Broking

LA Opala Q3 Review - Record Sales, Profits: Centrum Broking

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