Thirumalai Chemicals reports tepid Q1FY19 results

Thirumalai Chemicals posted subdued results for the quarter ended by Q1FY19. The top-line recorded a steady decline over the previous year.

The revenue for the quarter declined by 25.9 per cent yoy to Rs. 258 crore in Q1FY19 vs Rs. 348 crore in Q1FY18 and Rs. 333 crore in Q4FY18.

The EBITDA for the quarter declined by 13.2 per cent yoy to Rs. 54 crore in Q1FY19 vs Rs. 62 crore in Q1FY18 and Rs. 70 crore in the previous quarter. The EBITDA margin for the quarter expanded by 300 bps over the same quarter previous year to 20.8 per cent vs 17.7 per cent in Q1FY18 due to favourable changes in inventories.

The net profit for the quarter declined by 5.8 per cent yoy to Rs. 31 crore in Q1FY19 vs Rs. 33 crore in Q1FY18 and Rs. 40 crore in the previous quarter.

The stock tanked down by 6 per cent after the results were announced and closed at Rs.1367 mark