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KRChoksey Research Report
Emmbi Industries Ltd. reported revenue growth of 23.9% YoY/25.8% QoQ to Rs 925 million, mainly on the back of good growth in exports.
Ebitda has seen a growth of 1.7% YoY/14.8% QoQ to Rs 87 million, while Ebitda margin contracted by 206 basis points YoY/90 basis points QoQ on account of higher other expenses.
Due to higher freight costs (shipping rate) in the international markets, which has seen an uptick of nearly 50% in the month of March only, other expenses has seen a 32.5% YoY/29.4% QoQ increase, thereby impacting Ebitda margin both on YoY and QoQ basis.
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