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.
ICICI Direct Report
Filatex India Ltd. managed to operate at above 80% utilisation levels and reported reasonable revenue and profitability in a tough operating scenario.
Revenue de-grew 18% QoQ (3.8 times growth YoY) to Rs 698.9 crore.
Gross spreads, which were significantly higher in Q4 FY21, fell 22% QoQ to Rs 29.3/kilogram with gross margins down ~560 basis points QoQ (up 1380 bps YoY) to 28.4%.
Subsequently, Ebitda margins were down 760 bps QoQ to 14.5% (Q1 FY21 down 4.3%), with absolute Ebitda down 46% YoY to Rs 101.1 crore (Ebitda/kg: Rs 14.9 versus Rs 24.3 in Q4 FY21).
Filatex India's ensuing profit after tax came in at Rs 52.1 crore versus Rs 118 crore in Q4 FY21.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR