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Advanced Enzyme Q1 Review - Strong Numbers With Addition Of SciTech Specialities: ICICI Direct

Advanced Enzyme Q1 Review - Strong Numbers With Addition Of SciTech Specialities: ICICI Direct

<div class="paragraphs"><p>A machine mixes solution in a laboratory. (Photographer Olivier Matthys/Bloomberg)</p></div>
A machine mixes solution in a laboratory. (Photographer Olivier Matthys/Bloomberg)

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ICICI Direct Report

Advanced Enzyme Technologies Ltd.'s Q1 FY22 revenues grew 24% YoY to Rs 137 crore on the back of 55.7% YoY growth in industrial processing segment to Rs 20.4 crore.

Animal healthcare witnessed growth of 32.1% YoY to Rs 14 crore whereas human healthcare segment grew by a mere 2.8% YoY to Rs 89.2 crore.

Ebitda margins contracted 101 basis points YoY to 45.8% mainly due to higher other expenditure.

Subsequently, Ebitda grew 21.3% YoY to Rs 62.8 crore while profit after tax grew 11.1% YoY to Rs 38 crore.

Delta vis-a-vis Ebitda was mainly due to lower other income.

Strong margins and healthy return ratios reflect the pricing power and balance sheet strength of Advanced Enzyme.

Click on the attachment to read the full report:

ICICI Direct Advanced Enzymes Q1FY22 Result Update.pdf

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