Linc Pen & Plastics Ltd. took on record the unaudited financial results for the fourth quarter ended March 3, 2021. They have a robust domestic and international presence spreading across 50 countries and the brand is respected for producing world-class and innovative products. The company achieved 94% of the revenues reported in the fourth quarter of FY 2019-20 and widened its retail network by 13,000; with the total retailers’ reach was 1,48,000 at the year-end. Their total debt declined in FY21; finance cost declined from `93 lakhs in Q2 to `65 lakhs in Q3 to `20 lakhs in Q4. The Company achieved 94% of revenues reported in Q4 FY 2019-20 and moderated finance cost by `272 lakhs in the 12 months ending March 2021. Their domestic performance increased from `5,785 lakhs in Q3 FY 2020-21 to `8,141 lakhs in Q4 FY 2020-21 and the wider distribution footprint helped the company seed its brand with new retailers. The company’s exports were `1,236 lakhs in Q4 FY 2020-21 (`2,017 lakhs in Q4 FY 2019-20 and `1,308 lakhs in Q3 FY 2020-21).Commenting on the results, Deepak Jalan, Managing Director, Linc Pen & Plastics Ltd. said, “Even as most educational institutions continued to be closed and student demand for writing instruments remained subdued, Linc recovered revenues to 94% of what the company had achieved in the normalised corresponding quarter of the previous year (Q4 19-20) The company has adapted to the uncertain business environment by reinventing its business model and personality, which should translate into sustainable growth across the coming years.’’
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