Q3FY17 Results: Advanced Enzyme Technologies
Bhagyashree Vivarekar / 14 Feb 2017
The company reported a PAT figure of Rs 15 crore, which represents a sequential QoQ decline of 48.63 per cent and a YoY decline of 26.83 per cent.
On Tuesday, Advanced Enzyme Technologies Ltd. reported its consolidated results for the quarter ended on December 31, 2016.
The company's sales for this quarter, Q3FY17, came in at Rs 60.3 crore. This represents a 33.59 per cent sequential decline and 18.95 per cent YoY decline. Its operating profit (EBIT) for the recently concluded quarter amounted to Rs 16.2 crore and the EBIT margin stood at 26.87 per cent. In terms of the bottom-line, the company reported a PAT figure of Rs 15 crore, which represents a sequential QoQ decline of 48.63 per cent and a YoY decline of 26.83 per cent.
Advanced Enzymes is a research driven company with global leadership in the manufacturing of enzymes. The company is committed to providing eco-safe solutions to a wide variety of industries like human health care and nutrition, animal nutrition, baking, fruit & vegetable processing, brewing and malting, grain processing, protein modification, dairy processing, natural extraction, textile processing, leather processing, paper & pulp processing, biofuels, biomass processing, biocatalysis, and so on.
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