Meghmani Organics : Q4FY17 Result

Meghmani Organics reported its results for the quarter ended March 31, 2017 on Monday.

The company's total sales for Q4FY17 came in at Rs 353.5 crore, which represents a 10.2 per cent sequential increase and 3.3 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 51.3 crore and its EBIT margin stood at 14.5 per cent.

The company reported PAT of Rs 26.7 crore, which represents a sequential QoQ decline of 1.4 per cent and a YoY decline of 24.9 per cent.

The board of directors has recommended a dividend @ 40 per cent (i.e. 0.40 per equity share) for the face value of Rs 1 each for the FY2016-17.

The stock opened at Rs 41.50 and touched intra-day low of Rs 37.25 on the BSE.

Meghmani Organics Limited is engaged in the manufacture of pigment and pesticide products. Its segments include pigments, agro chemicals, basic chemicals and others. Its brands include Megastar, Megacyper, Megaban, Synergy and Courage.