Ami Organics Q1 Results: Profit Rises 12%, But Misses Estimates
The company's first-quarter net profit rose 12% YoY to Rs 16.6 crore, missing Bloomberg estimate of Rs 24.5 crore.
Ami Organics Ltd.'s profit rose in the first quarter, but missed analysts' estimates.
The company's net profit increased 12% year-on-year to Rs 16.6 crore in the quarter ended June, according to an exchange filing on Friday. This compares with a Bloomberg estimate of Rs 24.5 crore.
Ami Organics Q1 FY24 Highlights (Consolidated, YoY)
Revenue up 8.66% at Rs 142.4 crore. (Bloomberg estimate: Rs 171.2 crore).
Ebitda up 9.73% at Rs 25.1 crore. (Bloomberg estimate: Rs 36.4 crore).
Margins at 17.66% versus 17.48%.
Net profit up 12% at Rs 16.6 crore. (Bloomberg estimate: Rs 24.5 crore).
Shares of company advanced 2.31% to Rs 1238.10 apiece, compared to a fall of 0.35% in the benchmark NSE Nifty 50 on Friday at 1:07 p.m.