Sree Rayalaseema Hi-Strength Hypo Ltd announces FY20 results

Sree Rayalaseema Hi-Strength Hypo Ltd. (NSE: SRHHYPOLTD, BSE: 532842) engaged in manufacturing and sale of industrial chemicals and generation and distribution of power today reported standalone results for the fourth quarter and fiscal year ended on March 31st, 2020.

FY20 vs FY19 Highlights:

- Revenue for FY20 stood at Rs. 6,930.2 million, as against Rs. 7,042.1 million in FY19; decreased by 1.6%.
- EBITDA for FY20 stood at Rs. 1,044.1 million as against Rs. 949.6 million in FY19
- EBITDA margin for FY20 at 15.1% increased by 158 bps on a YoY basis.
- Profit after Tax for the quarter stood at Rs. 379.2 million as against Rs. 204.3 million; increased by 85.6%
- EPS for FY20 is Rs. 22.1 as compared to Rs. 11.9 in FY19

Q4FV20 vs Q4FY19 Highlights:

- Revenue for the quarter stood at Rs. 1819.7 million, as against Rs. 1,968.9 million in Q4FY19; decreased by 7.6%.
- EBITDA for the quarter stood at Rs. 247.9 million as against Rs. 202.6 million in Q4FY19
- EBITDA margin for the quarter at 13.6% increased by 333 bps on a YoY basis.
- Profit after Tax for the quarter stood at Rs. 113.7 million as against net loss Rs. 73.4 million in Q4FY19
- EPS for the quarter is Rs. 6.6 as compared to Rs. -4.3 in Q4FY19.

Mr. T.G. Bharath, Chairman & Managing Director, SRHHL said, "We are pleased to announce strong performance in the last quarter to end the year with significant increase in margins and profitability. The current pandemic situation has created a demand for our chemicals, and we see the increased awareness and need for disinfecting water bodies and other areas drive the demand for our products. We are confident of continuing with the momentum in the coming quarters on the back of a strong demand environment and have put in place a well-defined strategy to take the Company into the next leg of growth."

Shares of SREE RAYALASEEMA HI-STRENGTH HYPO LTD. was last trading in BSE at Rs.130.55 as compared to the previous close of Rs. 118.8. The total number of shares traded during the day was 19773 in over 1075 trades.

The stock hit an intraday high of Rs. 130.65 and intraday low of 125. The net turnover during the day was Rs. 2566181.

Source : Equity Bulls

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