Shalby’s Sequential Recovery Momentum Continues In Q3: ICICI Direct
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ICICI Direct Report
Shalby Ltd. reported decent Q3 FY21 numbers with revenues growing 9.1% YoY to Rs 132 crore amid a continued sequential recovery in elective surgeries and higher Covid-19 treatments.
Ebitda margins improved 525 basis points YoY to 23.3% due to lower employee and other expenditure stemming from cost rationalisation measures.
Ebitda grew 40.7% YoY to Rs 31 crore. Profit after tax grew 106.4% YoY to Rs 17 crore. Delta vis-a-vis Ebitda was due to a lower tax rate.
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