Atul Q1 Review - Continues To Face Margin Headwinds Owing To High Input Prices: Dolat Capital

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..Dolat Capital Report.Atul Ltd.’s reported a revenue growth of 36.7% YoY to Rs 14.8 billion (our estimate: Rs 14.5 billion) supported by healthy growth in both life sciences and performance and other chemicals business. Gross margins continue to remain under pressure contracting by 351 basis points YoY to 48.5% (up 105 bps QoQ) as crude oil prices remained at elevated levels during the quarter. Adjusting for a one time write off of Rs 350.8 million in the value of assets destroyed by fire, other expenses grew by 34.3% while power and fuel costs rose by 61.5% YoY. Atul's adjusted Ebitda came in at Rs 2.7 billion (our estimate : Rs 2.8 billion) with margins dipping by 371 bps YoY to 18.1% (up 318 bps sequentially). Adjusted profit after tax was up by 20.3% YoY to Rs 1.99 billion (our estimate : Rs 1.8 billion)..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Atul Q1 Review - Continues To Face Margin Headwinds Owing To High Input Prices: Dolat Capital

Atul Q1 Review - Continues To Face Margin Headwinds Owing To High Input Prices: Dolat Capital

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