BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Vinati Organics Ltd.'s Q4 numbers were above our estimates across all parameters, driven by strong performance from both acrylamide tertiary-butyl sulfonic acid and butyl phenols.
Reported revenue growth of 74% YoY to Rs 486.1 crore, led by strong performance from ATBS and butyl phenol segments.
Vinati Organics' gross margins contracted 1310 basis points YoY (down 287 bps QoQ) to ~46.1% while Ebitda margin declined 680 bps YoY (up 341 bps QoQ) to 28.6%.
Ebitda was up 40% YoY to Rs 138.8 crore. Profit after tax increased 43% YoY to Rs 101.1 crore.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR