Rupa & Company Limited, one of the leading and largest knitwear brand in India, engaged in the manufacturing, marketing, selling and distribution of men’s and women’s innerwear, thermal wear and fashion wear announced its Financial Results for the Quarter and year ended on 31st March2022.

Rupa Stock Price

Post announcement of financial results stock market reacted negatively to poor growth of the company. The share price slumped almost to 20% in mid-session of trading. The stock saw some dip buying and it recovered from day low of Rs 414. The stock saw upside of 4% from its lower circuit and finally closed at Rs 430.80.

Rupa One day Stock price chart

The main reason behind this massive slippage in stock price of Rupa was due to poor performance in its financial result.

Rupa reported in its exchange filing, a negligible revenue growth in Q4FY2022 compared to same period a year ago.

 RUPA Q4 NUMBERS 2022

EBITDA was at Rs 74.2 crore, a decline of 18% from Rs 90.6 crore a year ago.

Rupa Q4 numbers 2022

PAT detriorated to Rs 49.3 crore from Rs 65.9 crore in Q4FY22, a decline of 25%.

Rupa Q4FY2022 chart

EBITDA Margin was at 16.29%, a decline of 4%. PAT margin was at 10.82% in Q4FY22.

Rupa & Company slumps 16.17% post poor financial growth