/ Meghmani Organics Q4FY17 Consolidated Net Profit Declines 25% Yoy ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 22 May 2017

Meghmani Organics consolidated revenue for the quarter came in at Rs. 354 crore, registering 3.5% yoy increase. This was mainly driven by 16.5% yoy increase in Pigment revenue.

EBITDA for the quarter rose by 3.8% yoy to Rs. 74 crore with a corresponding margin expansion of 10 bps. EBITDA margin for the quarter stood at 20.9%.

The PAT for the quarter came in at Rs. 27 crore, yoy decline of 25%.

Looking at the full year numbers, we see that revenue jumped by 7% to reach Rs.1422.94 crore while EBITDA rose by 11% to 288.75 crore. Company reported net profit of Rs.111.1 crore, almost equal to net profit of FY16. The board has recommended a dividend of Rs. 0.40 per share for the face value of Rs. 1 each.

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