Kolkata: The Board of Directors of Linc Pen & Plastics Ltd. at its meeting held on 12^th February, 2021 took on record the Unaudited Financial Results for the third quarter ended 31st December 2020. Linc Pen & Plastics Ltd is one of India’s most trusted writing instrument manufacturers. They have a robust domestic and international presence spreading across 50 countries and the brand is respected for producing world-class and innovative products.

Particulars (Rs  Lakhs)	Q3	Q3	9M	9M
FY21	FY20	FY21	FY20
Total Income	7,123	9,672	16,322	29,907
EBITDA	218	1,028	396	3,022
PBDT	153	895	142	2,596
PAT	-128	433	-616	1,427
EPS (Rs.) (not annualized)	-0.86	2.91	-4.14	9.60

Commenting on the results, Mr. Deepak Jalan, Managing Director, Linc Pen & Plastics Ltd. said:

 “I am pleased to inform you that we reported higher revenues over the immediate previous quarter by 10.5%. The company achieved 74% revenues reported in Q3 FY 2019-20. 

There is a month on month improvement in sales as a percentage of what we had reported in the corresponding period of FY 2019-20 – without upside from the educational sector. We are optimistic of a resumption in schools and colleges, which should revive replacement spending of writing instruments. This is expected to transform the company towards a positive bottomline starting Q4 FY 2020-21Milestones Achieved

•  The company achieved 74% revenues reported in Q3 FY 2019-20. 
• The company recorded its fastest increase in sales footprint in its existence, with 30,000 new outlets added in Q3 , FY 2020-21
• The company moderated debt by Rs 25 cr in 9 months ending December 2020 ( interest cover improved)
• The performance was creditable in view of the sustained closure of educational institutions in India, the largest consumers of writing instruments

Key Highlights

Domestic performance

• Increased from Rs 4,902 lakhs to Rs 5,815 lakhs in Q3 FY 2020-21

Export performance

• Exports were Rs 1,308 lakhs in Q3 FY 2020-21 ( Rs 2,323 lakhs in Q3 FY 2019-20 and Rs 1,544 lakhs in Q2 FY 2020-21)