|Particulars||Sep-20 Quarter||Growth (yoy)||Growth (qoq)|
|Key Ratios||Sep-20 Quarter||Sep-19 Quarter||Jun-20 Quarter|
|Net Profit Margin||20.97%||17.81%||10.09%|
Key takeaways from the Sep-20 quarter results
- In terms of segmental revenues, PVC pipes & fittings accounted for 60% of the revenues for the Sep-20 quarter while PVC accounted for the balance sales revenues. The profit margins are much higher on PVC than on PVC fittings.
- The net cash flows generated from operations were down by nearly 14% at Rs187cr in the first half of the FY21 ending in Sep-20. This was largely due to net impact of the unfavourable impact of trade receivables and trade payables.
- The company largely caters to the agricultural segment and the industrial sewage segment and while industrial demand had been tepid, the agricultural demand continued to be robust on the back of a good Kharif this year.