NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Alkyl Amines Chemicals Ltd.'s Q3 FY24 revenue declined 17% YoY, in line with our expectation, primarily due to pricing pressure from Chinese suppliers. Gross margin contracted to 47.6 % in Q3. Ebitda was higher than our estimate at Rs 596 million, driven by lower-than-anticipated expenses. This resulted in Ebitdam of 18.5%.
Alkyl Amines Chemicals pushed for better margin in some of the products, which improved its profit after tax to Rs 334 million versus our estimate of Rs 267 million.
The management highlighted that the market condition was in general weak during the quarter, with a decent demand from the pharma sector but poor demand from the agrochemical industry.
Click on the attachment to read the full report:
Also Read: CCL Products Q3 Results Review - Ebitda Below Expectations; Maintain Hold Rating: IDBI Capital
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
HG Infra Q4 Results Review - Diversifying Order Book: IDBI Capital
May 13, 2024
Cipla Q4 Results Review - Strong All-Round Performance: Nirmal Bang
May 13, 2024
Voltas - Strong Volume Growth; Market Share To Increase: Motilal Oswal
Apr 25, 2024
ABB India - Times Of Uncertainty: ICICI Securities
Apr 18, 2024
POPULAR