Pondy Oxides reports impressive results, stock soars

Pondy Oxides and Chemicals’ revenue for the second quarter of FY19 came in at Rs. 301.8 crore, registering 37.2 per cent yoy increase.

EBITDA for the quarter rose by 61.2 per cent yoy to Rs. 21.5 crore with a corresponding margin expansion of 106 bps. EBITDA margin for the quarter stood at 7.1 per cent. This margin expansion was aided by lower cost of material consumed in proportion to revenue.

The PAT for the quarter came in at Rs. 12.4 crore, yoy increase of 75.6 per cent. Due to strong operating performance and increase in other income aided this PAT growth.

In response to this stellar performance, the stock of Pondy Oxides in the today’s trading session opened on a strong note at Rs. 382 apiece as against its previous close of Rs. 333.80. At 15.05 hours, the stock was trading at Rs. 368.10 apiece.