Meghmani Finchem records highest-ever revenue of Rs533 crore in Q1FY23; PAT jumps by a massive 192% yoy

22 Jul 2022 , 03:45 PM

Meghmani Finchem Limited has delivered a strong operating and financial performance in line with its commitment to growth during the quarter ended June 30, 2022.

The company logged the highest-ever Revenue of Rs533 crore, registering a growth of 84% yoy on the back of improved realizations and a higher sales volume of 5%.

Company’s EBITDA doubled to Rs187 crore, up by 103% yoy against Rs92 crore in the previous corresponding quarter. While EBITDA margin improved to 35% despite high inflationary pressure.

Meghmani’s PAT increased 3 folds to Rs108 crore, clocking a growth of 192% yoy against the previous year’s net profit of Rs37 crore.
PAT margin stood at 20% as compared to 13% in Q1FY22.

ROCE and ROE improved to 33% (19% in Q1FY22) and 48% (22% in Q1FY22) respectively.

The company managed to increase overall plant utilization to 94% in Q1FY23 as against 87% in Q1FY22. CMS sales realization was up by 23% and H₂O₂ sales realisation was down by 7%.

Meghmani Finchem’s counter ended at Rs1520.75, down by 2.35% against the previous close of Rs1,557.40 on NSE.