Meghmani Finechem zooms up to 5 per cent on posting strong half yearly results
Meghmani Finechem’s revenue up 81 per cent and PAT grew 93 per cent in H1FY22
The company has delivered a strong operating and financial performance in line with its commitment of growth. On Tuesday, share of Meghmani Finechem has closed 5 per cent higher at Rs 868.75 per share on BSE.
Highlights: YoY comparison
| Particulars (₹ Cr) |
Q2FY21 |
Q2FY22 |
Growth (%) |
H1FY21 |
H1FY22 |
Growth (%) |
| Revenue |
211 |
340 |
61 |
349 |
630 |
81 |
| EBITDA |
71 |
101 |
41 |
113 |
193 |
71 |
| PAT |
26 |
47 |
83 |
44 |
84 |
93 |
OPERATIONAL HIGHLIGHTS:
-
Overall plant utilization improved 16 per cent YoY basis to 90 per cent in Q2FY22.
-
H2O2 Plant capacity ramped up and at 85 per cent utilization in Q2FY22
-
In Q2FY22, Caustic Soda ECU realisation up 28 per cent; Caustic Potash up 5 per cent on a YoY basis
-
In Q2FY22, CMS sales realisation up 53% on YoY basis
H1FY22 FINANCIAL HIGHLIGHTS:
-
Revenue up 81 per cent YoY driven by higher sales of Chlor-Alkali and its Derivatives; Chlor-Alkali grew 66 per cent and Derivatives grew 125 per cent
-
EBITDA increased by 71 per cent to Rs 193 crore ; margins maintained at 31 per cent despite surge in raw material prices
-
ROCE improved to 23 per cent in H1FY22 due to improved realization in all the products and contribution from new capacities of Hydrogen Peroxide and Caustic Soda.
Q2FY22 FINANCIAL HIGHLIGHTS:
-
Chlor-Alkali and Derivatives revenue up 50 per cent and 96 per cent respectively, it led to overall revenue growth of 61 per cent YoY.
-
EBITDA grew 41 per cent to Rs 101 crore in Q2FY21 on a YoY basis. Margin maintained at 29.6 per cent despite jump in raw material prices
-
PAT increased 83 per cent to Rs 47 Cr and PAT margin improved 169 bps
STRATEGIC UPDATE:
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The expansion plan of Epichlorohydrin (50 KTPA), CPVC (30 KTPA), Caustic Soda (106 KTPA) and CPP (36 MW) are going as per schedule.
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In H1FY22, the Company spent Rs 230 crore for expansion of all 3 projects
Meghmani Finechem Limited , incorporated in 2007, is a leading manufacturer of Chlor-Alkali products and value-added Derivatives. The company has state of the art manufacturing facilities in Gujarat, Dahej – a leading PCPIR region in the country. MFL’s Dahej facility is a fully integrated complex with a well-established infrastructure and Captive Power Plants. The company is India’s 4th largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen Peroxide.