Meghmani Organics posts weak result, plunges 9%
Bhagyashree Vivarekar / 06 Feb 2017
Meghmani Organics Ltd. reported its results for the quarter ended December 31, 2016 today. The company's total sales for Q3FY17 were Rs 320.91 crore, which represent a 17.29 per cent sequential decline and 0.18 per cent YoY increase.
Meghmani Organics Ltd. reported its results for the quarter ended December 31, 2016 today.
The company's total sales for Q3FY17 were Rs 320.91 crore, which represent a 17.29 per cent sequential decline and 0.18 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 41.64 crore and its EBIT margin was 12.98 per cent.
The company PAT was Rs. 19.96 crore, which represents a sequential QoQ decline of 20.7 per cent and a YoY decline of 28.02 per cent.
The company's stock opened at Rs 47.5 on the BSE and fell 9 per cent after the results were declared. It closed for the day at Rs 45.95.
Meghmani Organics Ltd is an Indian company. engaged in manufacturing, selling, distributing, and trading pigments and agro-chemicals. It offers pigment products, including pigment green 7, as well as copper phthalocynine blue, alpha blue, and beta blue pigments. The company also provides agro-chemical products such as pesticide intermediates, technical grade pesticides, and pesticide formulations used in crop protection, public health, termite and insect control, and veterinary applications.