BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Atul Ltd.’s revenues in Q1 FY22 were up by 63.5% y-o-y to Rs 10.80 billion albeit on a lower base of Q1 FY21 which was impacted by Covid-19 disruptions. (our estimate- Rs 11.4 billion).
Gross margins saw a contraction of 495 basis points y-o-y to 52.0% due to higher input costs which we believe have risen with increase in crude oil prices.
Atul's Ebitda grew by 48.8% y-o-y to Rs 2.36 billion (our estimate- Rs 2.63 billion) while Ebitda margin saw a contraction of 216 basis points y-o-y to 21.9%.
Profit after tax grew by 40.9% y-o-y to Rs 1.66 billion (our estimate– Rs 1.79 billion) supported by a lower tax rate of 26% in Q1 FY22 versus 28% in Q1 FY21.
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