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KRChoksey Research Report
In Q1 FY23, Emmbi Industries Ltd.’s revenue grew 1.6% YoY to Rs 1,058 million. Though on QoQ basis revenues declined by 3.0%. Ebitda has seen a decline of 4.7% YoY/17.3% QoQ to Rs 106 million.
The fall in Ebitda was due to higher other expenses, which increased 44.1% YoY to Rs 251 million for the quarter. Ebitda margin also contracted by 66 bps YoY and 173 bps QoQ to 10%.
Profit after tax has seen a de-growth of 32.3% YoY/34.0% QoQ to Rs 30 million. Profit after tax margin contracted by 143 bps YoY/134 bps QoQ to 2.9%.
Emmbi is embarking on the path to become a zero-waste company by FY23. The company is right on track for the same and is confident to reach the ambitious target.
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