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Meghmani Organics Q2FY19 PAT increases by 12 per cent

Sanket Dewarkar
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Meghmani Organics Ltd reported its results for the quarter ended September 30, 2018.

The company's consolidated revenue for the quarter Q2FY19 came in at Rs. 501.4 crore as against Rs. 460.65 crore in the corresponding quarter last year, registering an increase of 8.8 per cent YoY.

The EBITDA for the quarter rose by 13.6 per cent YoY to Rs. 116.77 crore as against Rs 102.78 crore in the corresponding quarter last year, with a corresponding margin expansion of 98 bps. The EBITDA margin for the quarter stood at 23.3 per cent.

The PAT for the quarter came in at Rs. 61.76 crore as against Rs. 55.09 crore in the corresponding quarter last year, an increase of 12.1 per cent YoY.

Meghmani Organics is an India-based manufacturer of pigment and pesticide products. The company's segments include pigments, agro-chemicals, basic chemicals and others.

On Monday, the stock opened at Rs.75.35 and touched a high/low of 79.65/75.10 and at 2:55 pm, the stock was quoting at Rs.76, up by 1.47 per cent on the BSE

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