Atul Ltd Q2FY23 PAT up 2.92% at Rs150.91 crore as higher power and fuel costs offset sales growth

26 Oct 2022 , 01:01 AM

Atul Ltd reported 18.99% growth in total revenues for the September 2022 quarter on consolidated basis at Rs1,487cr.

Revenue growth was 0.71% in sequential terms. For the quarter, the revenues from the Life Sciences chemicals vertical grew by 64.9% yoy at Rs574 crore.

On the other hand, the larger performance chemicals vertical saw revenues grow by just 7% at Rs991 crore.

For the first half of fiscal FY23 ,the cash generated from operations was up nearly 7-fold at Rs275 crore due to lower current assets and inventory lock in.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 2.92% at Rs150.91cr and it was -8.27% lower on sequential basis.

The reason for the profits growing slower than the revenues is the sharp spike in the power and fuel costs which was up more than 60% yoy. Operating profits of performance chemicals was down on yoy basis while the operating profit of life sciences chemicals surged more than 4-fold to Rs142 crore.

Net profit margins at 10.157% in Q2FY23 were lower compared to 11.73% in Q1FY22 and as compared to 11.14% in the Q2FY23 quarter.

Financial highlights for Sep-22 compared yoy and sequentially

	Atul Ltd
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 1,487.27	₹ 1,249.96	18.99%	₹ 1,476.85	0.71%
Net Profit (Rs cr)	₹ 150.91	₹ 146.63	2.92%	₹ 164.52	-8.27%
Diluted EPS (Rs)	₹ 51.11	₹ 49.56		₹ 55.70
Net Margins	10.15%	11.73%		11.14%