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

| More

Seya Industries Ltd 9MFY19: Sustained Momentum in Business

Posted On: 2019-02-16 10:11:55

Seya Industries Limited, Mumbai based emerging leader in specialty chemicals industry, has announced its un-audited financial results for the Quarter ended December 31, 2018.

- Revenue grew by 27.5% to Rs. 317.4 Cr in 9MFY19 as compared to Rs. 249 Cr in 9MFY18 led by higher volume sold of value-added products and better realizations due to Environmental challenges and production disruptions in China

- EBITDA grew by 41.8% to Rs.108.7 Cr as against Rs.76.7 Cr in 9MFY18. The EBITDA margins for 9MFY19 is 34.3%, an expansion of 350 bps largely led by higher volumes of value-added products and better realizations

- PBT grew by 58.6% to Rs. 82.6 Cr as against Rs. 52.1 Cr in 9MFY18

- PAT grew by 63.7% to Rs. 64.5 Cr for 9MFY19 as against Rs. 39.4 Cr in 9MFY18. The PAT margins for 9MFY19 is 20.3%, an expansion of 450 bps

- Company is protected from any volatility in rupee as its 100% of supply contracts are in domestic currency and domestic market demand & pricing is in parity with international market

Commenting on the performance Mr. Ashok Rajani, Chairman & Managing Director, Seya Industries Limited said "The momentum in the business has continued, with 28% revenue growth in 9MFY19 led by consumer demand for value added products and supported by better realisations. With continued environmental issues in china, the overall scenario has been favourable for the domestic suppliers.

With continued focus on volume growth of high value and high margin forward integrated products, we shall be doubling capacity for a select value-added product by end of Q4FY19 and shall further be de-bottlenecking and improving efficiencies of existing capacities in FY20.

To ensure timely completion of our expansions and to meet the long term working capital requirements of our growing operations, we are in process of raising funds to the tune of Rs. 100 Crores.

Our mega greenfield project is on schedule to be operationalised by second half of financial year 2020. This expansion shall lead to quantum leap in the profitability and will help us achieve our vision to be an Integrated Global Producer for Speciality Chemicals."

Shares of SEYA INDUSTRIES LTD. was last trading in BSE at Rs.467.15 as compared to the previous close of Rs. 491.2. The total number of shares traded during the day was 10587 in over 165 trades.

The stock hit an intraday high of Rs. 494.8 and intraday low of 467.15. The net turnover during the day was Rs. 5081776.


Source: Equity Bulls

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





Other Headlines:

Mindtree Ltd appoints Mr. Prasanna Rangacharya Mysore as Independent Director

RNAM to provide advisory services to Australian investors

Vadilal Industries Ltd announces resignation of two independent directors

Mindtree Ltd appoints Mr. Ramamurthi Shankar Raman as Non-Executive Director

Confidence Petroleum India Ltd to consider allotment of warrants

Balaji Telefilms inks deal for rights of 4 upcoming movies

INEOS Styrolution India Ltd updates on ratings

Vadilal Enterprises Ltd announces resignation of Mr. Jignesh Shah

AU Small Finance Bank Ltd board approves proposal to raise Rs. 500 crore

Mindtree Ltd appoints Mr. Jayant Damodar Patil as Non-Executive Director

Wipro Launches Pivotal Software Center of Excellence in Dallas, Texas

Bombay Dyeing & Manufacturing Company Ltd announces resignation of Chief Financial Officer

Magma Wins 'Best NBFC of the Year' at India Banking Summit & Awards 2019

Everest Group PEAK Matrix™ recognizes Wipro as a Leader in 2019 Healthcare Payer Digital Services

Mindtree Ltd appoints Mr. Sekharipuram Narayanan Subrahmanyan as Non-Executive Director

Hindustan Aeronautics Ltd board to consider final dividend on June 28, 2019

TCS Wins 2019 Pega Partner Award for Excellence in Digital Transformation

Federal Bank Ltd allots 1000 Basel III compliant bonds

Wipro Gallagher Solutions Releases NetOxygen Launchpad 3.0

3i Infotech Ltd board to consider Q1 results on July 12, 2019

Kewal Kiran Clothing Ltd board declares 1st interim dividend of Rs. 11

Promoters consolidate their holding in Man Industries

APM Industries Ltd board recommends dividend of Rs. 0.50

CRISIL reaffirms ratings of APL Apollo Tubes Ltd

NTPC Wins 160 MW Solar Capacities in SECI's Rajasthan Tranche-II, 750MW Tender

Mindtree Recognized for its Digital Excellence by ISG

Datiware Maritime Infra Ltd receives Rs. 15 crores order from Indian Navy

Megastar Foods Ltd to acquire Megapacific Ventures Pvt Ltd

PSP Projects Ltd awarded projects of Rs. 601.40 crores

3i Infotech Ltd forms subsidiary in Nigeria

Jagran Prakashan Ltd issues commercial paper of Rs. 65 crores

Adani Green Energy Ltd receives LOA for 130 MW Wind Power Project From SECI

Sangam Renewables Ltd appoints Ms. Anita Jaiswal as woman director

IL&FS Engineering Services receives approval for restart of the Road Project with MoRTH

Town of Florence and Subex establish IoT security lab in collaboration

8K MILES SOFTWARE SERVICES LTD calls for board meeting on June 28, 2019

PSP Projects Ltd bags new work orders worth Rs. 607.04 crores

Manappuram Finance Ltd completes acquisition of 92.6% in Manappuram Comptech & Consultants Ltd

CARE reaffirms rating of PNC Bundelkhand Highways Pvt Ltd

The Ramco Cements Ltd bags awards

Pricol Ltd to hive off overseas subsidiaries

Glenmark Pharmaceuticals receives tentative ANDA approval for Clindamycin Phosphate Foam, 1%

PNB board approves raising Rs. 1500 crore through Basel III compliant Tier II bonds

BEML donates for cyclone 'Fani' relief work, Odisha

TAAL Enterprises Ltd calls for board meeting on June 24, 2019

Newgen Makes its OmniFlow iBPS Platform More Intelligent with Process Insights

HDFC Limited to acquire Apollo Hospitals Group's shares in Apollo Munich and to merge with HDFC ERGO

TCS Retains Position as America's Most Community-Minded Information Technology Company

Bombay Cycle & Motor Agency Ltd Board to consider Bonus Issue on June 22, 2019

IndusInd Bank Ltd announces record date for issue of shares to BFIL shareholders







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

disclaimer copyright © 2005 - 2019