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Vinati Organics Q1 Review - ATBS Segment Remains The Growth Driver: KRChoksey

Vinati Organics Q1 Review - ATBS Segment Remains The Growth Driver: KRChoksey

<div class="paragraphs"><p>Chemical solutions sits inside a lab. (Source: freepik)</p></div>
Chemical solutions sits inside a lab. (Source: freepik)

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KRChoksey Research Report

In Q1 FY23, Vinati Organics Ltd.’s consolidated revenue grew by 31.03% YoY and by 4.16% QoQ to Rs 5,063 million. Overall demand growth was led by acrylamido tertiary-butyl sulfonic acid segment.

Ebitda has seen a growth of 28.79% YoY basis and de growth of 5.67% QoQ to Rs 1,309 million, while Ebitda margins remained flat down 45 basis points YoY and declined by 269 bps QoQ to 25.85% in Q1 FY23.

Vinati Organics' profit after tax has seen a jump of 24.97% YoY to Rs 1,011 million. The profit after tax margins contracted by 97 bps YoY and 83 bps QoQ to 19.97% in Q1 FY23.

Earning per share in Q1 FY23 came at Rs 9.85 against Rs 9.84 in the same period last year.

Click on the attachment to read the full report:

KRChoksey Vinati Organics Q1FY23 Result Update.pdf

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