Panama Petrochem logs 20.70% yoy growth in revenue at Rs510.38 crore for Q3FY22

18 Feb 2022 , 01:40 PM

Panama Petrochem’s total revenue for the December 2021 quarter stood at Rs510.38 crore as against Rs422.72 crore for the previous corresponding quarter, up by 20.70% yoy. Revenue for the 9M ended December 2021 was reported at Rs1,627.16 crore, registering a growth of 78.98% yoy against revenue of Rs909.15 crore for the 9M ended December 2020.

It registered a marginal growth of 1.9% yoy in its PAT at Rs54.12 crore for Q3FY22 against Rs53.12 crore for Q3FY21. PAT for the current 9M under consideration grew by a whopping 131.08% yoy at Rs174.12 crore.

EBITDA margin for Q3FY22 was Rs68.69 crore against Rs76.40 crore for the previous corresponding quarter, down by 10.1% yoy. EBITDA for the 9M period ended December 2021 logged a growth of 101% yoy at Rs229.55 crore against Rs114.20 crore for the 9 months ended December 2020.

EBITDA margin for the current quarter was 13.5% against 18.07% in the quarter ended December 2020.

Company’s EPS widened to Rs8.95 per equity share for Q3FY22 against Rs3.05 per share in Q3FY21.

Panama Petrochem was trading at Rs250.10 up by Rs2.15 or 0.87% from its previous closing of Rs247.95 on the BSE. The scrip opened at Rs241.10 and has touched day’s high and low of Rs252 and Rs241.10 respectively.