Ami Organics Q2 PAT up 14.78% yoy to Rs17.47cr despite pressures from rising raw material and inventory costs

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

Organic Friend
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
Net margins 14.28% 16.67% 12.14%

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