FACT shares rise over 3% post Q2 results — PAT up 88%, margin expands to 6.7%; Revenue slips

Detailed summary

The Kochi-based chemical company substantially improved its operational profitability. EBITDA rose to ₹98.4 crore from ₹39.5 crore a year earlier, while the EBITDA margin more than doubled year on year to 6.7%, up from 2.4%.

Shares of Fertilisers and Chemicals Travancore (FACT) gained over 3% on Friday, November 13, after the company announced its results for the second quarter.

The company witnessed a slump in revenue, while reporting a strong jump in its margin.

It reported an 87.9% jump in its profit to ₹39.28 crore from ₹20.9 crore last year.

Its revenue slipped 10.2% in the September quarter to ₹1,463.7 crore from ₹1,629.3 crore in the same period last year.

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) more htan doubled to ₹98.4 crore from ₹39.5 crore last year. Its EBITDA margin expanded to 6.7% frojm 2.4% in the year-ago period.

In the previous quarter, the chemicals company reported a consolidated net loss of ₹61.94 crore in the previous quarter. Its revenue from operations rose 20.2% to ₹1,253.4 crore from the previous year. Its EBITDA swung to a loss of ₹29.8 crore from a profit of ₹23.98 crore the year before.

The company's stock gained over 3% after reporting its results, before giving up some of its intraday gains. The stock opened at ₹795.00 and has moved within an intraday high of ₹844.60.

In the past month, the stock has risen by 11.11%. It is 22.35% away from its 52-week high of ₹1,058.60 and is 26.05% above its 52-week low of ₹652.10.

Also Read: Natco Pharma Q2 Results: Net profit and revenue decline from last year; declares dividend

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