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.
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