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KRChoksey Research Report
Tatva Chintan Pharma Chem Ltd.'s revenue stood at Rs 1,047 million down by 15.3% QoQ on account of contraction in demand witnessed for its product segment ‘Structured Directing Agents’ that contributed 51% of revenue as against 62% in the previous quarter.
Ebitda stood at Rs 238 million, de-grew by down 2.9% YoY due to increased cost of sales by 40% YoY accompanied by rise in other expenses by 68% YoY. As a result, Ebitda margin declined to 22.75% versus 30.6% in Q3 FY21.
Profit after tax grew by 9.2% YoY at Rs 228 million. Profit after tax margin reported at 21.8% declined by 427 bps YoY / 443 bps QoQ.
Tatva Chintan Pharma’s nine months-FY22 performance posted strong growth in revenue, Ebitda and profit after tax at 75% / 107% / 152% on YoY basis, respectively.
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