On Tuesday, knitwear manufacturer Rupa & Co shares had declined 25.2 per cent at Rs 49.3 crore in Q4FY22 compared to Rs 65.9 crore in the previous similar period, the company said.

During the fourth quarter of the financial year, the net profit increased marginally to Rs 455.5 crore against Rs 454 crore in the previous corresponding period.

• PM Modi to Inaugurate Noida Airport on 28th March
• Fullife Raises Rs 300 Cr, IPO Plans a Few Years Away
• NBD Bank Gets Nod from Central Bank to Acquire Stake in RBL Bank
• LIC Gets Slammed with Rs 6,146 Crore Tax Demand
• L&T Tech Planning to Sell its Unit to AMI Paradigm Solutions

During the fourth quarter of 2021-22, the net profit margin increased to Rs 455.5 crore against Rs 454 crore in the previous corresponding period.

Similarly, the Earnings before interest, taxes and amortization (EBITA) also declined in the same quarter of the financial year 2021-22 to 16.3 per cent, compared to 20 per cent in the previous year.

According to the statement of Dinesh Lodha, CEO of the company was quoted “t the fourth quarter of last fiscal was challenging as the industry faced headwinds due to the pandemic coupled with rising in raw material prices.”