Vinati Organics Q3 Review - Integrating Operations With A Synergistic Amalgamation On Cards: Dolat Capital
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Dolat Capital Report
Vinati Organic Ltd.’s Q3 FY21 performance continued to be muted. Sales de-grew by 6.3% YoY to Rs 2.23 billion (our estimate Rs 2.32 billion).
Ebitda de-growth stood at 13.1% YoY to Rs 721 million, with Ebitda margin contraction of 250 basis points YoY to 32.3%.
Profit after tax de-grew by 4.0% YoY to Rs 641 million.
The company got a tax benefit of Rs 110 million for Q3 FY21 and Rs 172 million for nine months FY21, due to income tax adjustments from previous years, due to which profit after tax stood at Rs 641 million, down by 4.0% YoY.
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