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KRChoksey Research Report
In Q1 FY23, Vinati Organics Ltd.’s consolidated revenue grew by 31.03% YoY and by 4.16% QoQ to Rs 5,063 million. Overall demand growth was led by acrylamido tertiary-butyl sulfonic acid segment.
Ebitda has seen a growth of 28.79% YoY basis and de growth of 5.67% QoQ to Rs 1,309 million, while Ebitda margins remained flat down 45 basis points YoY and declined by 269 bps QoQ to 25.85% in Q1 FY23.
Vinati Organics’ profit after tax has seen a jump of 24.97% YoY to Rs 1,011 million. The profit after tax margins contracted by 97 bps YoY and 83 bps QoQ to 19.97% in Q1 FY23.
Earning per share in Q1 FY23 came at Rs 9.85 against Rs 9.84 in the same period last year.
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