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KRChoksey Research Report
Laxmi Organic Industries Ltd.’s revenue grew by up 2.8% YY at Rs 7,566 million (down 14.0% QoQ) on account of both acetyl intermediates and specialty intermediates business growth of 33.9% / 10.3% YoY.
However, there was a sequential de-growth across both the segments due to demand pressures across the world.
Ebitda reported at Rs 1,015 million (down 30.1% YoY / up 39.2% QoQ). Ebitda margin stood at 13.4% (down 631 basis points YoY / up 513 bps QoQ); the improvement in margin performance on a sequential basis was mainly on account of lower cost of goods sold, decline in staff and finance costs.
Laxmi Organic’s net Profit de-grew by 36.6% YoY at Rs 649 million (up 12.9% QoQ), net margin reported at 8.6% (down 532 bps YoY / up 204 bps QoQ).
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