Advanced Enzyme Technologies Q4 Review - Uncertainty Around Near-Term Growth: Nirmal Bang

A researcher tests enzymes at an enzyme research facility. (Photographer: Freya Ingrid Morales/Bloomberg).

Advanced Enzyme Technologies Q4 Review - Uncertainty Around Near-Term Growth: Nirmal Bang

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Nirmal Bang Report

Advanced Enzyme Technologies Ltd.’s Q4 FY21 operating performance came in below our estimates mainly on account of pressure on margins.

Raw material inflation, higher logistics costs and addition of new subsidiary from January 2021 resulted in margin contraction.

Management has not given any guidance for FY22 on account of uncertainty prevailing due to Covid-19.

While the biocatalyst and nutraceuticals segments are expected to report strong growth, animal nutrition and bio-processing (food as well as non-food) are under pressure.

Click on the attachment to read the full report:

Nirmal Bang Advanced Enzyme Technologies -Q4FY21 Result Update-31 May 2021.pdf


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