Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

20 Microns Limited - Q3 FY2019 Results

Posted On: 2019-02-10 00:01:32

20 Microns Limited (referred to as "20ML" or the "Company"), one of India's leading producer of Ultrafine Industrial Minerals & Speciality Chemicals, with expanding Global footprint, today announced its financial results for the quarter ending December 31, 2018.

Performance Highlights: 9MFY19 VS 9MFY18

- Revenue from operations Rs. 319 crore, growth of 11.01%
- EBITDA of Rs. 45.42 crore, growth of 15.41%
- EBITDA margin at 14.23 % compared to 13.69%
- PAT of Rs. 15.91 crore, growth of 26.29%
- PAT margin at 4.99 % compared to 4.38%

Commenting on the performance & an update on key developments, Mr. Atil Parekh, Managing Director, said: We have seen a good growth in the first 2 quarters compared Y-O-Y but for Q3's performance Y-O-Y, there was a weaker demand than anticipated from few end user industries also leading to the build-up of inventory in some products leading to a decline in the qliarterly performance but on an overall 9 month basis, we have exceeded our performance Y-O-Y and are hopeful of a better Q4 closure.

Many significant developments in the Specialty Chemicals category are shaping up in a positive direction and would be able to comment more in the year end Annual Report. We had a successful run at the recently concluded India Rubber Expo exhibiting our latest additions to the Rubber portfolio and a technical showcase of paint related products at the Indian Small Scale Paint Association. We would be showcasing our Export range at the upcoming European Coating Show for tapping immense opportunities in the Export market.

We are p1eased to report that we recorded revenue from operations of Rs. 103.14 crores in Q3 FY2019, representing a strong growth of 11.33% on Y-0-Y basis. The Company delivered EBITDA of Rs. 138.96 crores in Q3 FY2019 with margins of 13.47%, as compared to 14.45% last year. Profit after tax is Rs. 3.96 crores in Q3 FY2019. Our continuous focus is on developing innovative products and geographic expansion.

20ML operating revenue increased to Rs. 319.08 crores from Rs. 287.44 Crores in 9M FY2018, a growth of 11.01% on Y-o-Y basis. EBITDA increased by 15.41% to Rs. 45.42 crores from Rs. 39.35 crores as compared to same period last year. PAT increased by 26.79% to Rs. 15.91 crores from Rs. 12.55 crores in 9M FY2018. EBITDA margins increased to 14.23% as compared to 13.69% last year, an improvement of 54 basis points. Increased margins reflect our improving product portfolio mix and innovative performance additives developed by our R&D Centre. PAT margin increased to 4.99% from 4.38% in 9M FY2018, a 61 basis points improvement over corresponding period.

Shares of 20 MICRONS LTD. was last trading in BSE at Rs.34.75 as compared to the previous close of Rs. 37.35. The total number of shares traded during the day was 13465 in over 134 trades.

The stock hit an intraday high of Rs. 36.65 and intraday low of 34.65. The net turnover during the day was Rs. 476679.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Mahindra Finance and Ideal Finance form NBFI Joint Venture in Sri Lanka

ICRA A1+ assigned to Transport Corporation of India Ltd's CPs

Goldiam International Ltd receives export orders of Rs. 100 crore

Dr. Reddy's Laboratories announces the launch of Vigabatrin Powder for Oral Solution, USP in the U.S. Market

TVS Srichakra Limited announces launch of its brand 'TVS Eurogrip'

Wipro collaborates with IISc for advanced research and innovation in autonomous systems, robotics and 5G

Maruti Suzuki offers 5-year, 1-lakh km warranty for a delightful car owning experience

Opto Circuits India Ltd consolidated Q1 PAT at Rs. 10.79 crores

Industrial Investment Trust Ltd reports net profit of Rs. 7.17 crores in Q1

Moody's downgrades Indiabulls Housing Finance ratings; change the outlook to negative

LT Foods Ltd updates on consolidation of International Business

K.P.I. Global Infrastructure Ltd shifts PPA from IPP to CPP category

Sastasundar Ventures Ltd announces resignation of Director

L&T Technology Services launches unique incentive-based waste management program in DUMAD village near Vadodara

BWR BBB rating assigned to Baid Leasing and Finance Co. Ltd.

Federal Bank Launches Quick Car Loan Services - 19th August 2019

Jupiter Infomedia launches India's first Listed SME Focused News Portal - JimSMEnews.com

Airtel appoints Rajesh Tapadia as CEO of Nxtra Data

Bajaj Finserv announces Fixed Deposits for NRI

INEOS Styrolution India Ltd appoints merchant banker to do due diligence for voluntary delisting

Modex International Securities Limited fixes Sep 7, 2019 as record date

Nestle India Ltd launches world's no. 1 cocoa-malt beverage - MILO in India

KEC International secures orders of Rs. 845 crore in the Railway Infrastructure sector

INOX Leisure Ltd discontinues operations at Poonam Mall, Nagpur

Mindtree Named U.K Market Leader in SAP HANA® and Leonardo Services by ISG

McDonald's inaugurates its First Restaurant in Nagpur

Dr. Reddy's Laboratories announces the launch of Versavo® (bevacizumab biosimilar) in India

L&T allots NCDs of Rs. 1400 crore

Earum Pharmaceuticals Ltd to launch new range in Dermacare Product

Pennar Industries bags orders worth INR 538 crore

Modex International Securities Ltd Board recommends Bonus Issue

Glenmark receives approval for combination of Remogliflozin Etabonate and Metformin Hydrochloride for adults with type 2 diabetes in India

Operations disrupted at Hitech Corporation Ltd's Baddi unit

Allen Solly launches its First Ever Jeans campaign

MoU signed between HCL and Maharashtra Airport Development Company for expansion of MIHAN campus

INOX Leisure Ltd opens 3 screens multiplex at Umrao Mall, Lucknow

Tech Mahindra Ltd divests 73.38% stake in FixStream Networks Ine., USA

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019