Company recorded strong topline growth driven by better realizations & recoveries despite decline in volume in the performance surfactants segments & flattish volume growth in specialty care segments.
Revenue has increased YoY marginally by 3% due to an increase in the prices of the cement as YoY volumes have decreased. But on a QoQ basis, it has increased by 13% due to the volumes sold QoQ has increased by 9%.
Since its acquisition in Nov’21, Sunshine Hospitals has contributed revenue to the tune of Rs. 186 Cr in the 5 month period from Nov to Mar-21 at EBITDA % of 26.1%.
The revenue from operations has grown by 28.72%, but the operating margin has reduced marginally. The REIT has achieved 283,000 Sq.ft. of new leasing and 50,000 Sq.ft. of renewals in the quarter and another 75,000 Sq.ft. of Letter of Interests are under discussion.
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