Q3FY18 Results: Fairchem Speciality reports PAT surges of 39 per cent

Fairchem Speciality reported its results for the quarter ended December 31, 2017 on Monday after market hours. The company's consolidated revenue for the quarter came in at Rs. 272.21 crore, registering 49.8 per cent yoy increase.

EBITDA for the quarter rose by 35.6 per cent yoy to Rs. 28.51 crore with a corresponding margin contraction of 110 bps. EBITDA margin for the quarter stood at 10.5 per cent. This margin contraction was led by jump in power and fuel expenses and cost of materials by 46.3 per cent yoy and 13.7 per cent yoy, respectively. The PAT for the quarter came in at Rs. 10.74 crore, yoy increase of 39.3 per cent.

Fairchem Speciality Limited, formerly Adi Finechem Limited, is engaged in the business of manufacturing specialty chemicals. It manufactures oleo chemicals and intermediate nutraceutical. It manufactures products, such as Linoleic acid, Dimer acid and Monomer acid, natural mixed Tocopherol concentrate and concentrated sterols.

On Monday, the stock opened at Rs. 436.70 per share and touched an intraday high and low of Rs. 443.95 and Rs. 427, respectively and finally closed at Rs. 436, on the BSE.