Lyka Labs reports improved set of numbers in Q1FY22
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Lyka Labs reports improved set of numbers in Q1FY22

The company has been consistently reducing debt

  • By IPP Bureau | August 05, 2021

Lyka Labs Ltd. standalone revenue from operation was at Rs. 4346.59 lakhs as compared to Rs. 1254.24 lakhs in the corresponding quarter of Financial Ye.ar 2020-21. EBDITA was Rs. 3033.68 lakhs as compared to Rs. 241.90 lakhs in the corresponding quarter of FY 20-21. Profit After Tax was Rs. 1964.59 lakhs as compared to Rs. (579.39) lakhs in the corresponding quarter of FY 20-21.

For the Quarter ended 30th June 2021, Lyka Labs Ltd, consolidated revenue from operation was at Rs. 4943.67 lakhs as compared to Rs. 1771.92 lakhs in the corresponding quarter of FY 20-21. EBDITA was Rs. 3036.80 lakhs as compared to Rs. 432.66 lakhs in the corresponding quarter of FY 20-21. Profit After Tax was Rs. 1955.07 lakhs as compared to Rs. (467.47) lakhs in the corresponding quarter of FY 20-21.

During the quarter ended 30th June, 2021 Company has repaid Rs. 1727.68 lakhs towards outstanding loan of International Asset Reconstruction Company. After the quarter ended 30th June, 2021 Company has further repaid Rs. 1479.99 lakhs towards outstanding loan of International Asset Reconstruction Company. As a result, the Finance Cost of the Company would reduce in the coming period.

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