Oriental Carbon - Limited Long Term Growth Prospects Mar Visibility: ICICI Direct
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ICICI Direct Report
Oriental Carbon and Chemicals Ltd. reported a healthy performance in Q4 FY21.
Net sales in Q4 FY21 came in at Rs 104 crore, almost flat QoQ while up 22% YoY, amid healthy volume reported by key tyre players domestically.
Ebitda in Q4FY21 was at Rs 36 crore with corresponding Ebitda margins at 34.7%, down 260 basis points QoQ but near its normalised range.
Ensuing profit after tax in Q4 FY21 was at Rs 25 crore, down 13% QoQ.
The company also declared a final dividend of Rs 10/share with total dividend for FY21 at Rs 14/share.
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