25 Apr 2022 , 06:49 PM
For the full year FY22, the revenues were higher by 87.1% at Rs1,551cr. Meghmani is into the manufacture of chlor alkali for the domestic market and being a specialty chemicals, has seen robust demand pick in the latest quarter.
Net cash from operating activities for FY22 was 24% higher on a yoy basis at Rs284cr.
The sharp spike in the profitability of the specialty chemical company came about due to the subdued growth in raw material costs at a much slower rate compared to the growth in sales for the quarter.
Net margins stood at 19.87% in Mar-22 quarter compared to 12.67% in Mar-21. The net profit margins were higher by 335 basis points on a sequential basis, compared to Dec-21 quarter.
Financial highlights for Mar-22 compared yoy and sequentially
Meghmani FInechem | |||||
Rs in Crore | Mar-22 | Mar-21 | YOY | Dec-21 | QOQ |
Total Income (Rs cr) | ₹ 498.80 | ₹ 258.55 | 92.92% | ₹ 422.17 | 18.15% |
Net Profit (Rs cr) | ₹ 99.09 | ₹ 32.76 | 202.47% | ₹ 69.73 | 42.11% |
Diluted EPS (Rs) | ₹ 23.85 | ₹ 5.61 | ₹ 16.78 | ||
Net Margins | 19.87% | 12.67% | 16.52% |
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