Vinati Organics Q2 Review - Newer Businesses To Drive Growth Ahead: ICICI Direct

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..ICICI Direct Report.Vinati Organics Ltd.'s revenues were above our estimates while profit after tax came in lower-than-expected owing to lower-than-expected gross margins. Reported revenue growth of 70% YoY to Rs 374.1 crore, led by strong growth from - 2- Acrylamido 2 Methylpropane Sulphonic Acid (ATBS) segment.Vinati Organics' gross margins declined 1230 basis points YoY to ~47.6% while Ebitda margin contracted 1130 bps YoY to 27%, due to higher raw material (up 123% YoY) and other operating cost (up 90% YoY).Ebitda was up 20% YoY to Rs 101 crore. Profit after tax increased 31% YoY to Rs 81.3 crore owing to higher other income (up 868% YoY).. 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.

Vinati Organics Q2 Review - Newer Businesses To Drive Growth Ahead: ICICI Direct

Vinati Organics Q2 Review - Newer Businesses To Drive Growth Ahead: ICICI Direct

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