Vinati Organics Q1FY21; profit falls by ~12% yoy

The company recorded a profit of ~Rs72cr in Q1FY21.

Aug 01, 2020 01:08 IST India Infoline News Service

Quarterly Results
Vinati Organics Ltd. announced its quarterly results on August 1, 2020. Net revenue in Q1FY21 stood at Rs231.57cr, which declined by 21.74% yoy from Rs295.92cr in Q1FY20.      

EBITDA stood at Rs97.18cr in Q1FY21 that decreased by 22.47% yoy. For Q1FY20, it had posted EBITDA of Rs125.35cr. EBITDA margin as of Q1FY21 was at 41.97% that declined by 39bps yoy against the same quarter, the previous year.      

The net profit in Q1FY21 came in at Rs72.30cr that declined by 12.21% yoy, as compared to Q1FY20, when it had reported Rs82.36cr. The net profit margin in Q1FY21 came in at 31.22% that increased by 3.39% yoy. The net profit margin for Q1FY20 was at 27.83%.      

On Friday, the stock closed at Rs977.85 with gains of 1.13% on BSE.  

Particulars Q1FY21
 (Rs in cr)
Q1FY20
(Rs in cr)
% VAR
Net Revenue 231.57 295.92 -21.74
Operating Profit 97.18 125.35 -22.47
Net Profit 72.30 82.36 -12.21
EBITDAM% 41.97 42.36 -39bps
PATM% 31.22 27.83 3.39

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