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Indo Borax & Chem. - Quaterly Results

13 May 2023 Evaluate
A fair growth of 14.74% in the revenue at Rs. 559.43 millions was reported in the March 2023 quarter as compared to Rs. 487.58 millions during year-ago period.A humble growth in net profit of 19.64% reported in the quarter ended March 2023 to Rs. 125.22  millions from Rs. 104.66 millions.The company reported a good operating profit of 176.19 millions compared to 141.56 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 559.43 487.58 14.74 2149.69 1754.19 22.55 2149.69 1754.19 22.55
Other Income 22.17 7.82 183.50 67.92 31.80 113.58 67.92 31.80 113.58
PBIDT 176.19 141.56 24.46 687.07 509.34 34.89 687.07 509.34 34.89
Interest 0.01 0.04 -75.00 0.92 0.08 1050.00 0.92 0.08 1050.00
PBDT 176.18 141.52 24.49 701.03 509.26 37.66 701.03 509.26 37.66
Depreciation 6.07 2.57 136.19 15.56 10.38 49.90 15.56 10.38 49.90
PBT 170.11 138.95 22.43 685.47 498.88 37.40 685.47 498.88 37.40
TAX 44.89 34.29 30.91 181.52 135.92 33.55 181.52 135.92 33.55
Deferred Tax 0.56 -0.32 -275.00 2.92 1.83 59.56 2.92 1.83 59.56
PAT 125.22 104.66 19.64 503.95 362.96 38.84 503.95 362.96 38.84
Equity 32.09 32.09 0.00 32.09 32.09 0.00 32.09 32.09 0.00
PBIDTM(%) 31.49 29.03 8.48 31.96 29.04 10.08 31.96 29.04 10.08
Peers
Company Name CMP
Godrej Industries 1127.00
SRF 2483.00
BASF India 3665.15
Pidilite Inds. 1567.45
Tata Chemicals 612.10
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