KRChoksey: Emmbi Industries - Q1 Affected By Covid-19 Disruptions; Volume Down 25% 
Manufacturing speciality unit of Emmbi Industries Ltd. (image: Company website)

KRChoksey: Emmbi Industries - Q1 Affected By Covid-19 Disruptions; Volume Down 25% 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Report

Emmbi Industries Ltd. Q1 FY21 revenue from operations declined 24.1% YoY to Rs 508 million (down 32.0% QoQ) due to decline in volume as well as realization owing to Covid-19.

Ebitda declined 36.0% YoY (down 31.1% QoQ) to Rs 59 million while Ebitda margin contracted by 216 basis points YoY (up 15 basis points QoQ) to 11.6%.

Depreciation and finance cost stood at Rs 17.5 million/28.7 million respectively for the quarter.

Net Profit stood at Rs 11 million for the quarter; down 69.2% YoY (down 71.7% QoQ).

Net profit margin thus stood at 2.1% in Q1 FY21 (versus 5.1%/5.0% in Q1 FY20/Q4 FY20), a contraction of 305 basis points YoY (down 293 basis points QoQ).

Click on the attachment to read the full report:

KRChoksey Emmbi Industries Q1FY21 Result Update.pdf


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