Atul rises ~2% on strong Q3 numbers

Atul Ltd's Q3FY19 revenue came in at Rs1,019.49cr, an increase of 26.9% yoy. The operating profit in Q3FY19 came in at Rs211.44cr, a substantial increase of 67.7% yoy.

Jan 18, 2019 08:01 IST India Infoline News Service

Shares of Atul Ltd went up ~2% in intraday trade on Friday as the company posted robust Q3FY19 numbers.

Atul Ltd's Q3FY19 revenue came in at Rs1,019.49cr, an increase by 26.9% yoy. The operating profit in Q3FY19 came in at Rs211.44cr, a substantial increase by 67.7% yoy.

The Q3FY19 EBITDA margin expanded significantly by ~505bps yoy to 20.7%. The net profit after tax stood at Rs116.89cr, an increase by 77.1% yoy. Read more.

Atul’s Management has guided for a revenue potential of Rs740cr from ramp-up of existing capacities over next few years. Further, brownfield/greenfield projects are expected to generate revenue of Rs2,040cr over next five years with capex of ~Rs163cr.

Atul Ltd is currently trading at Rs3,570.85 up by Rs80.6 or 2.31% from its previous closing of Rs3,490.25 on the BSE.

The scrip opened at Rs3,520 and has touched a high and low of Rs3,580 and Rs3,510 respectively. So far 58,842 (NSE+BSE) shares were traded on the counter.

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