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Chemiesynth (Vapi) - Quaterly Results

17 May 2023 Evaluate
A decrease of about -33.96% in the sales to Rs. 48.45 millions was observed for the quarter ended March 2023. The sales stood at Rs. 73.36 millions during the similar quarter previous year.The company has announced a 28.92% increase in its profits to Rs . 2.63  millions for the  quarter ended March 2023 compared to Rs. 2.04 millions in the corresponding quarter in the previous year.Operating profit for the quarter ended March 2023 rose to 9.57 millions as compared to 3.97 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 48.45 73.36 -33.96 209.41 301.84 -30.62 209.41 301.84 -30.62
Other Income 0.03 0.11 -72.73 0.04 0.18 -77.78 0.04 0.18 -77.78
PBIDT 9.57 3.97 141.06 25.60 44.77 -42.82 25.60 44.77 -42.82
Interest 1.62 1.23 31.71 5.80 4.80 20.83 5.80 4.80 20.83
PBDT 7.95 11.90 -33.19 19.80 49.13 -59.70 19.80 49.13 -59.70
Depreciation 3.27 3.71 -11.86 11.66 10.54 10.63 11.66 10.54 10.63
PBT 4.68 8.19 -42.86 8.14 38.59 -78.91 8.14 38.59 -78.91
TAX 2.05 6.15 -66.67 2.58 11.43 -77.43 2.58 11.43 -77.43
Deferred Tax 0.98 3.27 -70.03 0.98 3.27 -70.03 0.98 3.27 -70.03
PAT 2.63 2.04 28.92 5.56 27.16 -79.53 5.56 27.16 -79.53
Equity 30.70 30.70 0.00 30.70 30.70 0.00 30.70 30.70 0.00
PBIDTM(%) 19.75 5.41 264.99 12.22 14.83 -17.58 12.22 14.83 -17.58
Peers
Company Name CMP
Godrej Industries 1106.50
SRF 2540.10
BASF India 3578.75
Pidilite Inds. 1586.00
Tata Chemicals 670.65
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