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Axis Securities Report
Archean Chemical Industries Ltd.'s performance in Q4 FY24 fell short of our expectations across all key metrics. Consolidated revenue stood at Rs 284 crore, reflecting a decrease of 26% YoY and 31% QoQ, missing our estimate by 25%. Ebitda amounted to Rs 87 crore, down 55% YoY and 40% QoQ, falling short of our estimates by 38%.
The Ebitda margin declined to 31%, down 456 basis points QoQ, primarily due to higher other expenses. The company's profit after tax stood at Rs 58 crore, down 58% YoY and 43% QoQ, with the overall performance missing our estimate by 41%.
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