The company manufactures color & additive Masterbatches for the dope dyeing of man-made fibres (MMF), various plastic applications and engineering plastics & compounds. These are essential products required for textile and plastic products.
The outbreak of Covid-19 pandemic and consequent lockdown has impacted the regular business operations.
In Sep20 quarter net sales fell37% to Rs 60.55 crore. OPM improved120 basis points to 8.8% which saw OP fell 27% to Rs 5.34 crore.
Other income fell16% to Rs 70lakh and interest expense stood at Rs 8 lakh against interest expense of Rs 6 lakh. After providing for depreciation (Rs 53 lakh against Rs 74 lakh) PBT fell26% to Rs 5.44 crore.
As taxation fell23% to Rs 1.51crore (tax incidence rosefrom 26.7% to 27.7%), PAT fell27% to Rs 3.93 crore.
In H1FY 21, net sales fell 50% to Rs 96.65 crore. OPM fell40 basis points to 6.9% which saw OP fell52% to Rs 6.7 crore.
Other income rose70% to Rs 2.29 crore and interest cost fell from Rs 16 lakh to Rs 15 lakh. After providing for depreciation, (Rs 1.06 crore against Rs 1.46 crore) PBT fell44% to Rs 7.8 crore.
As taxation fell39% to Rs 2.25 crore (tax incidence rose from 26.8% to 28.8%), PAT fell45% to Rs 5.55 crore.
The scrip trades at Rs 177
Poddar Pigments: Results
|2009 (3)||1909 (3)||Var. (%)||2009 (6)||1909 (6)||Var. (%)||2003 (12)||1903 (12)||Var. (%)|
|Prior year tax||0.00||0.00||0.00||0.54|
|EPS (Rs) *||#||#||#||#||20.5||15.6|
|*Annualised on current equity of Rs 10.61 crore; Face value of Rs 10 each|
EO: Extraordinary items
EPS is adjusted for EO and relevant tax
Figures in crore,
Source: Capitaline Databases
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