Amines and Plasticizers Q3FY18 PAT rises 10 per cent YoY

Amines and Plasticizers reported its results for the quarter ended December 31, 2017 on Monday.

Amines and Plasticizers standalone revenue for the quarter came in at Rs 81.069 crore, registering an increase of 18.2 per cent YoY.
  
The company's EBITDA for the quarter fell by 2.4 per cent YoY to Rs. 6.889 crore, with a corresponding margin contraction of 179 bps. Its EBITDA margin for the quarter stood at 8.5 per cent. This margin contraction was due to jump in cost of materials by 21 per cent YoY.

The PAT for the quarter came in at Rs 3.73 crore, an increase of 10.7 per cent YoY. This was due to sharp jump in other income from Rs 0.22 crore to Rs 1.28 crore in Q3FY18.

Amines and Plasticizers Limited is engaged in the manufacture of basic chemicals, fertilisers and nitrogen compounds, plastic and synthetic rubber in primary forms. The main products manufactured continues to be methyl diethonalamine (MDEA) and N methyl morpholine oxide (NMMO) which are used in petrochemicals and oil refineries, gas plants and textiles.

On Monday, the stock opened at Rs. 86.95 and touched an intra-day high and low of Rs. 89 and Rs. 83.50, respectively, and finally closed at Rs. 85.05 on the BSE.