Thirumalai Chemical posts stellar PAT growth
Thirumalai Chemical consolidated revenue for the fourth quarter of FY18 remained flat at Rs 330.71 crore.
The company's EBITDA for the quarter rose by 75.3 per cent YoY to Rs 69.98 crore, with a corresponding margin expansion of 913 bps. Its EBITDA margin for the quarter stood at 21.2 per cent. This margin expansion was mainly on account of significant decline in input cost in proportion to sale (58.5 per cent in current quarter vs 66 per cent in Q4FY17).
The PAT for the quarter came in at Rs 39.7 crore, an increase of 108 per cent YoY.
Looking at full year's performance, Thirumalai’s revenue increase ~20 per cent YoY to Rs 1338 crore, while its EBITDA surged ~84 per cent YoY to Rs 290 crore, with corresponding margin expansion of 750 bps.
Notably, the company's net profit for FY18 rose substantially to Rs 170 crore, up by 141 per cent YoY.
The board of directors of the company have recommended stock spilt from face value of Rs. 10 to Re. 1. Also, it announced dividend of Rs. 20 per equity share.