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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

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