AMI Organics reports revenue at Rs376.60cr for 9M-Q3 FY22; stock skids 2%

8 Feb 2022 , 11:50 AM

Ami Organics Limited’s revenue from operations for December 2021 quarter stood at Rs 141.20 crore as against Rs 92 crore for December 2020 quarter, up by 53.5% YoY. Revenue for the 9M period ended December 2021 stood at Rs 376.60 crore against Rs 247.70 crore for the previous 9M period, increasing 52% YoY. While it has shown a growth of 15.4% over the last quarter.

Its EBITDA for Q3 FY’22 was reported at Rs 29.90 crore against Rs 21.70 crore for Q3 FY’21, increasing 37.90% YoY. EBITDA for the 9M period ending December 2021 was Rs 79.40 crore against Rs 56.90 crore for the 9M period ending December 2020, up by 39.50% YoY, it grew 9.3% over the last quarter.

Its PAT for the quarter ended December 2021 stood at Rs 19.50 crore against the loss of Rs 14.50 crore for the quarter ended December 2020, a growth of 34.70% YoY. PAT for the 9M period ending December 2021 stood at Rs 50.70 crore against Rs 38.60 crore for the previous 9M period, increasing 31.3% YoY.

EBITDA margin for the quarter ended December 2021 settled at 21.2% as against 23.6% for the previous corresponding quarter, with an EBITDA margin of 22.4% in the quarter ended September 2021. PAT margin for the quarter ended December 2021 stood at 13.8% and PAT margin for December 2020 quarter stood at 17.2%.

“We have commercialized two new import substitute products where we are one of the few manufacturers in India. Initial response to these products has been very encouraging and we see these products contributing considerably to our top line in coming years. We have more such products in the pipeline,” commented, Mr. Naresh Kumar Patel, Executive Chairman & Managing Director, Ami Organics Limited.

Ami Organics is currently trading at Rs 982.60 down by Rs 22.2 or 2.21% from its previous closing of Rs 1,004.80. The scrip opened at Rs1,049 and has touched day’s high and low of Rs1,049 and Rs961.05 respectively.