Shalby’s Sequential Recovery Momentum Continues In Q3: ICICI Direct
Staff gather for a briefing on a Covid-19 recovery ward. (Photographer Steve ParsonsPA Wire/Bloomberg)

Shalby’s Sequential Recovery Momentum Continues In Q3: ICICI Direct

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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

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.

Click on the attachment to read the full report:

ICICI Direct Shalby Q3FY21 Result Update.pdf

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