Meghmani Organics soars around 6 per cent supported by impressive rise in PAT
DSIJ Intelligence / 08 Aug 2017
Meghmani Organics reported its results for the quarter ended June 30, 2017, today. The company's total sales for Q1FY18 came in at Rs 461.06 crore, which represents a 19.15 per cent sequential increase and 17.41 per cent YoY increase.
Meghmani Organics reported its results for the quarter ended June 30, 2017, today.
The company's total sales for Q1FY18 came in at Rs 461.06 crore, which represents a 19.15 per cent sequential increase and 17.41 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 68.19 crore and its EBIT margin stood at 14.79 per cent.
The company reported PAT of Rs 43.32 crore, which represents a sequential QoQ increase of 51.31 per cent and a YoY increase of 55.05 per cent.
The company's stock opened at Rs 51.80 on the BSE and recorded intra-day high and low of Rs 55.65 and Rs 48.50, respectively.
Meghmani Organics Limited manufactures, sells and distributes pigments and pesticides. The company operates in three divisions: pigments, agrochemicals, and basic chemicals. It offers its formulations primarily under the Megastar, Megacyper, Megaban, Synergy, and Courage brand names.