Atul Ltd. posts 20.71 per cent drop in consolidated net profit for Q1FY21

Atul Ltd., one of the largest integrated chemical companies of India, announced its quarterly results on July 24, 2020.The company posted a consolidated net profit of Rs 117.94 crore for Q1FY21, which    declined by 20.71 per cent, as compared to Q1FY20 when it reported Rs 148.74 crore.                                                                                                                                                            

The consolidated net sales reported in Q1FY21 came in at Rs 660.56 crore, which declined by 36.52 per cent YoY from Rs 1,040.55 crore in Q1FY20. At EBITDA level, the company stood at Rs 158.66 crore in Q1FY21 that decreased by 33.96 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 240.25 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 24.02 per cent that increased by 93 bps YoY. The net profit margin in Q1FY21 came in at 17.85 per cent, which increased by 3.56 per cent YoY. The net profit margin in Q1FY20 was at 14.29 per cent.       

The stock closed in green at Rs4,924.65 with growth of 4.42 per cent in today’s trade on BSE.