Creative Newtech, one of India’s leading Brand Licensee and Market Entry Specialist has reported growth numbers for the third quarter ending December 31, 2022, said the total income of Rs. 428.97 crores, growing 41.87% year-on-year. During this quarter, EBITDA stood at INR 12.69 crore, in this quarter. The net profit for this quarter is INR 7.69 Crore in FY 23 compared to Rs 7.00 crore in FY 22.
The previous quarter (Q2’23) INR 326.27 crore, growing by 31.48% year-on-year. 9 months EBITDA stood at 33.62 as against INR 23.34. in the last corresponding period. The net profit for the period is 20.80 crores as compared to Rs. 14.07 in FY22.
Commenting on the results, Ketan Patel, Chairman & Managing Director of Creative Newtech, “We are extremely positive to see the numbers increasing every quarter. With EBITDA and net profit increasing 20.16% and 9.85% YoY to Rs. 12.69 cr and Rs. 7.69 cr, respectively, Creative Newtech announced a 41.87% YoY gain in total income at Rs. 428.97 cr in the quarter that ended in December 2022. Strong demand for products from companies like Samsung, Cooler Master, Honeywell, and Viewsonic, and increased sales abroad, helped this expansion.”