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Ethos Q4 net profit rises 74%

  • May 31, 2022, 11.00 AM
  • DealMoney News Service

Ethos Limited, one of the luxury and premium watch retail player announced its financial results for the fourth quarter ended March 31st, 2022.

The net profit for the quarter stood at Rs.7.84 crore, an increase of 73.84%. While revenue stood at Rs.158.69 crore.

EBITDA for the quarter stood at Rs.22.99 crore.

"We are equally excited about the prospects for the current year and years ahead. Already in the first 2 months of the current year, ie April and May, we estimate revenue in the vicinity of Rs 120 cr. This indicates that we will have a strong revenue growth in Q1. Profitability will also be strong on the back of improved margins and greater leverage on fixed costs.," the company stated.