Q1FY19 Result: Ion Exchange profit up at Rs. 10.9 crore

Ion Exchange reported its results for the quarter ended June 30, 2018 on Tuesday. The company's standalone revenue for the quarter came in at Rs. 205.55 crore, registering 1.2 per cent yoy decline. Rise in the revenue from the Engineering segment by 8.5 per cent yoy was offset by a decline in revenue from the Chemicals and Consumer products by 9.2 per cent and 10.5 per cent yoy, respectively.

EBITDA for the quarter fell by 19.4 per cent yoy to Rs. 9.57 crore with a corresponding margin contraction of 105 bps. EBITDA margin for the quarter stood at 4.7 per cent. The company's PAT for the quarter came in at Rs. 10.9 crore, yoy increase of 49.5 per cent.

Ion Exchange is engaged in water and environment management business. The company offers products, including ion exchange resins, water treatment plants and chemical additives.

On Wednesday, the stock opened at Rs. 419 per share, up by almost 2 per cent from its previous close of Rs. 409.20. At 10:27 hours, the stock of Ion Exchange was trading around Rs. 405.15 per share on the BSE.