Advanced Enzyme Posts Strong Q3 Performance; Outlook Positive: ICICI Direct
A researcher tests enzymes in the enzyme research facility. (Photographer: Freya Ingrid Morales/Bloomberg)

Advanced Enzyme Posts Strong Q3 Performance; Outlook Positive: ICICI Direct

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ICICI Direct Report

Advanced Enzyme Technologies Ltd.’s Q3 revenues grew 23.0% YoY to Rs 137.7 crore on the back of 34.9% YoY growth in human healthcare segment to Rs 108.9 crore.

Animal healthcare saw a decline of 29.5% YoY to Rs 10.5 crore whereas industrial processing segment grew 12.3% YoY to Rs 18.3 crore.

Ebitda margins expanded 97 basis points YoY to 48.2% with lower employee and other expenditure being partly offset by lower gross margins.

Hence, Ebitda grew 25.6% YoY to Rs 66.4 crore.

Profit after tax grew 28.2% YoY to Rs 43.1 crore in-line with operational performance.

Click on the attachment to read the full report:

ICICI Direct Advanced Enzymes Q3FY21 Result Update.pdf

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