Q3FY17 Results: Atul Ltd.
Bhagyashree Vivarekar / 20 Jan 2017
The total sales for Q3FY17 came in at Rs 676.25 crore, which represents a 8.41 per cent sequential decline and 5.74 per cent YoY increase. The operating profit (EBIT) for the quarter amounted to Rs 85.4 crore and the EBIT margin stood at 12.63 per cent.
Atul Ltd. reported its results for the quarter ended December 31, 2016 during market hours today.
The total sales for Q3FY17 came in at Rs 676.25 crore, which represents a 8.41 per cent sequential decline and 5.74 per cent YoY increase. The operating profit (EBIT) for the quarter amounted to Rs 85.4 crore and the EBIT margin stood at 12.63 per cent.
The company reported PAT of Rs 58.58 crore, which represents a sequential QoQ decline of 28.89 per cent and a YoY decline of 5.15 per cent.
The company's stock, which opened for trading at Rs 2246.9 on the BSE, fell 3.78 per cent and closed for the day at Rs 2161.9.
Atul Ltd is a business house with interests in textiles and chemicals. The company operates through six business divisions, namely, agrochemicals, aromatics, bulk chemicals and intermediates, colours, pharmaceuticals and intermediates and polymers.
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