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  • Finetox Chemical
  • December 13,2017  16:45
  • Finetox chemical net sales rose 21% to Rs 486 crore in Q2FY'18 compared to corresponding previous year period while net profit of the company increased 3% to Rs 22 crore.

    Operating margins of the company was flat at 23% leading 21% increase in operating profits to Rs 8.02 crore. Cost of material consumed as a percentage of net sales (net of stock adjustment) rose 890 bps to 52%. Purchase of stock in trade was down 1050 bps to 4%. Employee benefit expenses increased 80 bps to 44%. Other expenses fell 20 bps to 14%.

    Other income fell 44% to Rs 15 crore. PBDIT decreased 1% to Rs 9.97 crore.

    Interest cost was up 49% to Rs 0.13 crore. PBDT decreased 1% to Rs 9.84 crore.

    Depreciation fell 5% to Rs 0.15 crore. PBT as a result fell 1% to Rs 9.69 crore. Considering 170 bps rise in effective tax rate to 32.2% PAT fell 4% to Rs 6.57 crore.

    Performance for half year ended September 2017

    In H1FY'18 net sales rose 12% to Rs 65.21 crore compared to corresponding previous year period while net profit of the company rose 4% to Rs 11.49 crore.

    Operating margins of the company rose 30 bps to 22.7% leading 14% growth in operating profits to Rs 14.79 crore.

    Other income fell 43% to Rs 2.96 crore. PBDIT decreased 2% to Rs 17.74 crore.

    Interest cost was up 34% to Rs 0.24 crore. PBDT declined 3% to Rs 17.5 crore

    Depreciation rose 12% to Rs 0.31 crore. PBT as a result fell 3% to Rs 17.19 crore.

    Considering 90 bps fall in effective tax rate to 29.3% net profit rose 4% to Rs 11.49 crore.

    The scrip is currently trading at Rs 42.4

    Finetox Chemical : Consolidated Results

     

    Particulars1709 (3)1609 (3)Var. (%)1709 (6)1609 (6)Var. (%)1703 (12)1603 (12)Var. (%)
    Income from Operations34.86 28.78 2165.21 58.07 12128.07108.7318
    OPM (%)23.023.022.722.423.324.4
    OP8.026.612114.7913.011429.8926.4913
    Other income1.95 3.46 -442.96 5.18 -434.293.3229
    PBIDT9.9710.06-117.7418.19-234.1729.8115
    Interest0.130.08490.240.18340.390.391
    PBDT9.849.98-117.5018.02-333.7829.4215
    Depreciation0.15 0.16 -50.31 0.28 120.630.5613
    PBT 9.699.82-117.1917.74-333.1528.8615
    Tax Expenses3.12 3.00 45.03 5.35 -69.259.141
    PAT6.576.82-412.1612.39-223.9019.7121
    Minority Interest0.340.75-540.681.34-493.262.67
    Net profit6.226.07311.4911.06420.6317.04
    EPS (Rs)*2.22.22.12.01.91.5
    * Annualised on current equity of Rs 22.26 crore. Face Value: Rs 2 each
    Var. (%) exceeding 999 has been truncated to 999
    LP: Loss to Profit PL: Profit to Loss
    EO: Extraordinary items
    EPS is calculated after excluding EO and relevant tax
    Figures in Rs crore
    Source: Capitaline Corporate Database

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