Shree Pushkar Chemicals reports healthy numbers

Shree Pushkar Chemicals & Fertilisers reported its Q2FY19 numbers on Monday

The company’s consolidated revenue for the second quarter of FY19 came in at Rs. 115.401 crore, registering 19.7 yoy increase.

EBITDA for the quarter rose by 11.7 yoy to Rs. 19.4405 crore with a corresponding margin contraction of 122 bps. EBITDA margin for the quarter stood at 16.8. This margin contraction was aided by higher other expenses and employee benefits expenses in proportion to revenue.

The PAT for the quarter came in at Rs. 12.29 crore, yoy increase of 18.3.

However, the stock reacted negatively to this numbers and on Tuesday’s trading session, the stock dipped by almost 3.4 per cent to touch an intra-day low of Rs. 197 per share. At 1.40 hours the stock was trading at Rs. 196 near to its day's low.