Indo Amines FY19 net profit up by 58.03% at INR 22.60 crore

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Revenue from operations for FY19 stood at Rs. 470.91 crore, as compared to Rs.350.65 crore in the same period last year; a growth of 34.30% (Y-o-Y).

Indo Amines Ltd, one of India’s largest independent manufacturers of fine, specialty & performance chemicals, has announced its financial results for the fourth quarter and financial year ended March 31st, 2019.

Highlights:

Q4 FY19 Standalone performance overview compared with Q4 FY18 (Y-o-Y)

• Revenues from operations stood at Rs. 133.01 crore, up 48.28%
• EBITDA at Rs.13.80 crore from Rs.10.32 crore, a growth of 33.70%
   o EBITDA margin stood at10.37%
• PAT stood at Rs.5.33 crore, up 58.03%
• EPS at Rs. 1.60 as compared to Rs. 1.01 for Q4 FY18

Highlights:

FY19 Standalone performance overview compared with FY18 (Y-o-Y)

• Revenues from operations stood at Rs 470.91 crore , up 34.30%
• EBITDA stood at Rs.57.03 crore , a growth of 33.42%
   o EBITDA margin stood at12.11%
• PAT stood at Rs. 22.60crore, up 58.03%
• EPS at Rs.6.78 as compared to Rs.4.29from FY18

FY19 Consolidated performance overview compared with FY18 (Y-o-Y)

• Revenues from operations stood at Rs 489.32 crore, up 36.36%
• EBITDA stood at Rs.60.82 crore , a growth of 35.84%
   o EBITDA margin stood at12.43%
• PAT stood at Rs. 24.68 crore, up 58.31%
• EPS at Rs.7.40 as compared to Rs.4.67 from FY18

For the fourth quarter ended March 31, 2019 Standalone figures are as under :-

Revenue from operations for the fourth quarter ended March 31, 2019 stood at Rs. 133.01 crore, as compared to Rs. 89.70 crore in the same period last year. Exports contributed 53.66 % to revenues.

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY19 stood at Rs. 13.80 crore, up 33.70%. EBITDA Margin stood at 10.37%

The company reported an increase of 58.03% in Profit After Tax to Rs.5.33 crore in Q4FY19 as compared to Rs. 3.38 crore in Q4FY18.

For FY19 ended March 31, 2019 Standalone figures are as under :-

Revenue from operations for FY19 stood at Rs. 470.91 crore, as compared to Rs.350.65 crore in the same period last year; a growth of 34.30% (Y-o-Y). Exports contributed 53.06% to revenues.

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) forFY19 stood at Rs.57.03 crore, as compared to Rs. 42.74 crore, up 33.42%. EBITDA Margin stood at 12.11%

Profit after Tax grew at 58.03% at Rs. 22.60 crore in FY19 as compared to Rs. 14.30 in FY18.

Earnings per share (EPS) increased to Rs. 6.78 IN FY19 from Rs. 4.29 in FY18

Commenting on the performance, Vijay Bhalchandra Palkar, Managing Director & Chief Executive Officer said ‘We are absolutely delighted to showcase such a robust financial performance.We will continue to grow at this pace and add great value for all our shareholders.’