Ami Organics Q4 Results Review - Pricing In Positives: HDFC Securities

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..HDFC Securities Institutional Equities.Ami Organics Ltd.'s revenue grew 30/22% YoY/QoQ at Rs 1,864 million led by a robust growth in the advanced pharma intermediates business. Ebitda grew 58/33% YoY/QoQ to Rs 409 million, with the Ebitda margin coming in at 21.9% (+396/+171bps YoY/QoQ). Ebitda margin improved on account of a higher operating leverage. Adjusted profit after tax grew 28/22% YoY/QoQ to Rs 272 million.Management call takeaways:Ami Organics has expanded the scope of the Fermion contract to add more advanced intermediates for the same active pharma ingredient resulting in an increase in the contract value.Samples of electrolyte additives have been sent to six customers by the company and the company expects commercial supply to commence by Q1 FY24. The company developed two new products, one liquid electrolyte additive to increase electrocapacity of Li batteries and one for the solid battery.The company added 40 new customers in its advanced pharma intermediates business, and 20 new customers in its speciality chemicals business in FY23.Exports formed 59% of the revenues in FY23.The Ankleshwar facility shall come on stream in December 2023..Click on the attachment to read the full report:.SRF Q4 Results Review - Chemicals Business To Grow At 20% Plus In FY24E: Centrum Broking.DISCLAIMERThis 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.

Ami Organics Q4 Results Review - Pricing In Positives: HDFC Securities

The Ankleshwar facility shall come on stream in December 2023.

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