Q2FY19 Result: Thirumalai Chemical posts mixed performance

Thirumalai Chemicals Ltd reported its results for the quarter ended September 30, 2018 today.

The company's consolidated revenue for the quarter Q2FY19 came in at Rs. 363.36 crore as against Rs. 311.5 crore in the corresponding quarter last year, registering an increase of 16.6 per cent YoY.

Its EBITDA for the quarter rose by 12.2 per cent YoY to Rs. 87.95 crore, as against Rs.  78.42 crore in the corresponding quarter last year, with a corresponding margin contraction of 97 bps. The EBITDA margin for the quarter stood at 24.2 per cent.

The PAT for the quarter came in at Rs. 53.1 crore as against Rs. 46.31 crore in the corresponding quarter last year, an increase of 14.7 per cent YoY.

Thirumalai Chemicals (TCL) is the second largest domestic player in phthalic anhydride (PAN) industry with a capacity of 140,000MT. It also manufactures derivatives of PAN such as food acids and esters.

On Monday, the stock  opened at Rs.116.75 and touched a high/low of Rs.118.80/Rs.110.80 and closed at Rs.112.20, down by 1.75 per cent.