Linc Ltd FY23 PAT soars 359.8% to Rs 3,740 Lacs

Kolkata: Writing instruments and stationery manufacturer Linc Ltd (Formerly Linc Pen & Plastics Limited), has reported a total income of Rs 49,024 Lacs, showcasing a growth of 37.0% compared to the previous fiscal year.

IBNS • 13 May 2023, 02:22 am

Gross profit witnessed an exceptional surge, reaching Rs 15,197 Lacs, marking an impressive 80.0% increase over FY 22. The gross margin stood at 31.2%.

EBITDA soared to Rs 6,484 Lacs in FY 23, representing a remarkable growth of 165.7%. The EBITDA margin expanded to 13.3%.

The company's Profit After Tax (PAT) achieved an all-time high of Rs 3,740 Lacs, showcasing a growth of 359.8% compared to FY 22. The PAT margin stood at 7.6%.

Earnings Per Share (EPS) witnessed a surge, reaching Rs 25.15, demonstrating substantial growth from Rs 5.47 in FY 22.

In terms of debt, Linc Ltd made progress, reducing its debt to zero, resulting in a Net Debt position of (Rs 760) Lacs, an improvement compared to Rs290 Lacs in FY 22.

The Net Debt to EBITDA ratio further improved to (0.12), highlighting the company's strengthened financial position and reduced financial risk.