Ami Organics Ltd reported 33.99% growth in total revenues for the September 21 quarter on a consolidated basis to Rs122.31cr. Revenue increased 8.11% on a sequential basis from revenue of Rs113.13cr in the June 21 quarter.
Consolidated profit after tax (PAT) for the September 21 quarter increased 14.78% to Rs17.47cr. Profits increased 27.24% from earnings for the sequential quarter.
EBIT performance should have been much better, but the organic industry is plagued by 2 issues viz. higher raw material costs and higher funds stuck in inventory.
Net margins at 14.28% were below 16.67% year-on-year, but they were certainly more impressive compared to 12.14% in the sequential quarter of June 2021.
September 21 financial highlights compared year-over-year and sequentially
|Rs in crore||Sep-21||Sep 20||YEAR||June-21||QOQ|
|Total income (Rs cr)||122.31||91.28||33.99%||113.13||8.11%|
|Net profit (Rs cr)||17.47||15.22||14.78%||13.73||27.24%|
|Diluted EPS (Rs)||5.11||4.83||4.36|