Vinati Organics witnesses boost in profitability margins

Vinati Organics has declared its Q1FY17 results on July 30. The company’s revenue has increased by 2.29 per cent to Rs 167 crore in Q1FY17 as compared to same period in previous fiscal. Its EBITDA too has risen by 12.24 per cent to Rs 60 crore in Q1FY17 on a yearly basis. Vinati Organics' EBITDA margin has expanded by 355 basis points to 35.93 per cent in Q1FY17 as compared to same period in previous financial year. The company’s net profit also has increased by 15.06 per cent to Rs 36 crore in Q1FY17 on a yearly basis. Its net profit margin has expanded by 237 basis points to 21.37 per cent in Q1FY17 as compared to same period in previous fiscal.

The share price of Vinati Organics has increased by 2.98 per cent on bourses in early trades and is trading at Rs 560.65 on an intraday basis.

Vinati Organics manufactures specialty organic intermediaries and monomers. Its Mahad plant is the biggest IBB (Isobutyl Benzene) manufacturing facility in the world. The plant has specialised equipment for the production of IBB that adheres to the highest standards of quality and purity. Vinati Organics’ Lote-Ratnagiri plant has customised equipment for the manufacture of ATBS, TBA, IB, HPMTBE, DAAM and other speciality chemicals.