BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Vinati Organics Ltd.'s numbers were marginally below our estimates on the revenue front while it was above our estimates on the Ebitda and profit after tax front, driven by softening in raw material prices.
Reported revenue growth of 37.9% YoY to Rs 508.7 crore, led by demand pickup in Iso Butyl Benzene and stable demand from ATBS and Isobutylene.
Vinati Organics' gross margins increased 270 basis points YoY and 662 QoQ to 51.6% while Ebitda margin grew 705 bps YoY and 598 bps to 32.2%. Absolute Ebitda was up 77% YoY to Rs 163.8 crore.
Profit after tax increased 51% YoY to Rs 125.4 crore.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
