Laxmi Organics Q2 Review - Weak Results Amid Quarter Stress; Long-Term Story Remains Intact: KRChoksey

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Research Report.Laxmi Organics Industries Ltd.'s revenue for the quarter reported at Rs 6081 million well above our estimates despite shut down of specialty intermediate unit for 45 days amid floods on July 21, 2021. The unit has restarted its operations from September 05, 2021 and reached full ramp up towards the end of the quarter.The gross profit reported at Rs 1385.9 million. The gross margins for the quarter deteriorated at 22.8% due to high cost of goods sold and loss extortion expenses related to specialty intermediate unit incurred up to September 2021.Laxmi Organics' Ebitda reported at Rs 308.8 million and Ebitda margin reported at 5.1%. Finance cost lowered at Rs 10.8 million on account of repayment of long term borrowings during the quarter.Profit after tax reported at Rs 145.7 million and profit after tax margin stood at 2.4%. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Laxmi Organics Q2 Review - Weak Results Amid Quarter Stress; Long-Term Story Remains Intact: KRChoksey

Laxmi Organics Q2 Review - Weak Results Amid Quarter Stress; Long-Term Story Remains Intact: KRChoksey

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