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:

Adani Defence Systems and Technologies Ltd acquires Alpha Design Technologies Pvt Ltd

Shilpa Medicare Ltd receives US FDA approval for Busulfan Injection

Indag Rubber Ltd Board recommends Final Dividend of Rs. 1.50 for 2018-19

Avantel Limited bags order from Boeing

Shilpa Medicare Ltd receives EIR from USFDA for R&D unit at Modavalasa

HDFC Bank Ltd Board recommends Dividend of Rs. 15 for 2018-19

HDFC Bank announces Q4, FY2018-19 results

Indag Rubber Ltd Q4 PAT slides to Rs. 1.91 crore

SVP Housing Ltd updates on changes in board

Kridhan Infra Ltd appoints Ms. Rajeshree Mishra as CFO

NELCO Ltd board to approve dividend, Q4, FY19 results on April 27, 2019

Shilp Gravures Ltd board to consider FY19 results on April 27, 2019

Gravita Tanzania Ltd commences Commercial Production of Lead from its Plant situated at Tanzania, East Africa

Maithan Alloys Ltd board to announce Q4, FY19 results on April 30, 2019

HDFC Bank Ltd reports net profit of Rs. 22332.44 crores in FY 2018-19

Syngene International Ltd board to consider bonus issue on April 24, 2019

Reliance Industries updates on cash payment for oil supplies to PDVSA

SKP Securities Ltd board to consider Q4, FY19 results on April 27, 2019

HDFC Bank Ltd reports net profit of Rs. 22445.62 crores in FY 2018-19

Alicon Castalloy announces Q4 & FY19 Earnings

Tata Coffee Limited announces results for Q4 and FY 2018-19

Wipro Ltd clarifies on cyber attack

Majesco crushes attendance records at Convergence 2019

Wockhardt Ltd board to consider financial results, fund raising on May 6, 2019

Reliance Capital terms rating action by Brickwork as unjustified and inappropriate

Raymond Limited board to approve Q4, FY19 results, dividend on April 30, 2019

KPR Mill Ltd board to consider FY19 results, dividend and buy back

UN extends contract of Trigyn Technologies Inc for another 6 months

DCM Shriram Limited board to announce Q4, FY19 results on May 1, 2019

Deltron Ltd Board to consider Dividend on April 26, 2019

Kirloskar Ferrous Industries Ltd board to approve Q4, FY19 results on May 3, 2019

Sadhana Nitro Chem Ltd revises record date as May 3, 2019 for interim dividend

Tata Coffee Ltd board approves Dividend of Rs. 1.50 for 2018-19

Alicon Castalloy Limited Board recommends Final Dividend of Rs. 5 for 2018-19

Johnson Controls-Hitachi Air Conditioning India Ltd calls for board meeting on May 16, 2019

Thangamayil Jewellery Ltd to open two new branches on April 26, 2019

Asian Granito India Ltd forays into Sanitaryware

Victoria Mills Ltd Board to consider Dividend on May 2, 2019

USFDA classified as VAI for Dr. Raddy's Laboratories Ltd's Forumulations Plant

Shiva Cement Ltd calls for board meeting on April 23, 2019

CRISIL reaffirms rating of Indo National Ltd

Intellect recognized as a Leader for Worldwide End-to-End Corporate Banking Solution Providers 2019 by IDC MarketScape

Trent Ltd Board to consider FY19 results & Dividend on April 29, 2019

Borosil Glass Works Ltd makes additional investment in Klasspack

TATA Coffee Ltd consolidated Q4 FY19 net profit drops to Rs. 10.49 crores

Alicon Castalloy Ltd Q4 FY19 consolidated PAT jumps to Rs. 15.89 crores

Orient Electric Ltd board to announce Q4, FY19 results, dividend on April 30, 2019

Majesco announces ready-to-use partner apps in Majesco Digital1st EcoExchange™

Timex appoints Ajay Dhyani as the Head Marketing

Bajaj Finance Ltd launches five digitally-enabled Fixed Deposit service branches in Pune







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

disclaimer copyright © 2005 - 2019