Q2FY18: Atul Limited PAT doubles from last quarter
Amir Shaikh / 17 Oct 2017
In terms of the bottom-line, the company reported a PAT figure of Rs. 70.07 crore which represents a sequential QoQ increase of 103.51 per cent.
Atul reported its results for the quarter ended June 30, 2017 on Tuesday. Total sales for this quarter, Q2FY18 came in at Rs. 787.25 crore. This represents a 14.09 per cent sequential increase and 6.62 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 124.86 crore and the EBIT margin stood at 15.86 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 70.07 crore which represents a sequential QoQ increase of 103.51 per cent and a YoY decline of 14.88 per cent.
Post the announcement of this result the stock of Atul rose as much as 8 per cent to touch the day high of Rs. 2,550. However, later it cooled down and closed for the day at Rs. 2470.5 mark.