Meghmani Finechem zooms up to 5 per cent on posting strong half yearly results

Shreya Chaware
/ Categories: Trending, Mindshare
Meghmani Finechem zooms up to 5 per cent on posting strong half yearly results

Meghmani Finechem’s revenue up 81 per cent and PAT grew 93 per cent in H1FY22

The company has delivered a strong operating and financial performance in line with its commitment of growth. On Tuesday, share of Meghmani Finechem has closed 5 per cent higher at Rs 868.75 per share on BSE. 

 

Highlights: YoY comparison

Particulars (₹ Cr)  Q2FY21  Q2FY22  Growth (%) H1FY21  H1FY22  Growth (%)
Revenue  211  340  61 349  630  81
EBITDA  71  101  41 113  193  71
PAT  26  47  83 44  84  93

OPERATIONAL HIGHLIGHTS:

  • Overall plant utilization improved 16 per cent YoY basis to 90 per cent in Q2FY22.

  • H2O2 Plant capacity ramped up and at 85 per cent utilization in Q2FY22

  • In Q2FY22, Caustic Soda ECU realisation up 28 per cent; Caustic Potash up 5 per cent on a YoY basis

  • In Q2FY22, CMS sales realisation up 53% on YoY basis

H1FY22 FINANCIAL HIGHLIGHTS:

  • Revenue up 81 per cent YoY driven by higher sales of Chlor-Alkali and its Derivatives; Chlor-Alkali grew 66 per cent and Derivatives grew 125 per cent

  • EBITDA increased by 71 per cent to Rs 193 crore ; margins maintained at 31 per cent despite surge in raw material prices

  • ROCE improved to 23 per cent in H1FY22 due to improved realization in all the products and contribution from new capacities of Hydrogen Peroxide and Caustic Soda.

Q2FY22 FINANCIAL HIGHLIGHTS:

  • Chlor-Alkali and Derivatives revenue up 50 per cent and 96 per cent respectively, it led to overall revenue growth of 61 per cent YoY.

  • EBITDA grew 41 per cent to Rs 101 crore in Q2FY21 on a YoY basis. Margin maintained at 29.6 per cent despite jump in raw material prices

  • PAT increased 83 per cent to Rs 47 Cr and PAT margin improved 169 bps

STRATEGIC UPDATE:

  • The expansion plan of Epichlorohydrin (50 KTPA), CPVC (30 KTPA), Caustic Soda (106 KTPA) and CPP (36 MW) are going as per schedule.

  • In H1FY22, the Company spent Rs 230 crore for expansion of all 3 projects

Meghmani Finechem Limited , incorporated in 2007, is a leading manufacturer of Chlor-Alkali products and value-added Derivatives. The company has state of the art manufacturing facilities in Gujarat, Dahej – a leading PCPIR region in the country. MFL’s Dahej facility is a fully integrated complex with a well-established infrastructure and Captive Power Plants. The company is India’s 4th largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen Peroxide.

Rate this article:
2.8
Comments are only visible to subscribers.

DSIJ MINDSHARE

Mkt Commentary Tuesday, January 18, 2022

Mindshare Monday, January 17, 2022

Mindshare Monday, January 17, 2022

Mindshare Monday, January 17, 2022

Mindshare Monday, January 17, 2022

RSS

Knowledge

Tax Column

Tax Column

Tax queries by Jayesh Dadia Chartered Accountant

RSS
  • Back to top