Transchem Ltd reports surge in Q1 PAT on sale of mushroom plant

TRANSCHEM LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.23.16 crores during the period ended June 30, 2020 as compared to Rs.0.66 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.22.53 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(0.0461) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.18.41 for the period ended June 30, 2020 as compared to Rs.(0.04) for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 23.16 crs	₹ 0.66 crs	3409.09%
Net Profit	₹ 22.53 crs	₹ (0.0461) crs	48972.02%
EPS	₹ 18.41	₹ (0.04)	46125%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.23.16 crores during the period ended June 30, 2020 as compared to Rs.0.65 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.22.53 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.0.1539 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.18.41 for the period ended June 30, 2020 as compared to Rs.0.13 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 23.16 crs	₹ 0.65 crs	3463.08%
Net Profit	₹ 22.53 crs	₹ 0.1539 crs	14539.38%
EPS	₹ 18.41	₹ 0.13	14061.54%

During quarter under review, the Company has sold out its undertaking known as "Mushroom Plant" consisting of pieces and parcels of lands or ground bearing Gat nos. 379, 382, 380, 381, 384, 416 (part), 433, 434, 435, 438, 436 (part), and 383 of Village Bebadohal and Gat no. 579 (part) of Village Urse, Taluka Maval, District Pune 410 506, together with its land, structures, machinery and fixtures therein ("Property”) for an aggregate consideration of Rs.26.00 Crores. The sale deed has been registered with competent authorities on 17 June 2020, accordingly the Company has recognised the gain on sale of the said area of Mushroom Plant during the quarter under review.

Shares of TRANSCHEM LTD. was last trading in BSE at Rs.11.18 as compared to the previous close of Rs. 10.65. The total number of shares traded during the day was 5878 in over 29 trades.

The stock hit an intraday high of Rs. 11.18 and intraday low of 10.75. The net turnover during the day was Rs. 65248.

Source : Equity Bulls

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