Vinati Organics Q1FY21; profit falls by ~12% yoy


Quarterly Results

Vinati Organics Ltd. announced its quarterly results on August 1, 2020. Net revenue in Q1FY21 stood at Rs231.57cr, which declined by 21.74% yoy from Rs295.92cr in Q1FY20.      

EBITDA stood at Rs97.18cr in Q1FY21 that decreased by 22.47% yoy. For Q1FY20, it had posted EBITDA of Rs125.35cr. EBITDA margin as of Q1FY21 was at 41.97% that declined by 39bps yoy against the same quarter, the previous year.      

The net profit in Q1FY21 came in at Rs72.30cr that declined by 12.21% yoy, as compared to Q1FY20, when it had reported Rs82.36cr. The net profit margin in Q1FY21 came in at 31.22% that increased by 3.39% yoy. The net profit margin for Q1FY20 was at 27.83%.      

On Friday, the stock closed at Rs977.85 with gains of 1.13% on BSE.  








Particulars

Q1FY21
 (Rs in cr)

Q1FY20
(Rs in cr)

% VAR

Net Revenue

231.57

295.92

-21.74

Operating Profit

97.18

125.35

-22.47

Net Profit

72.30

82.36

-12.21

EBITDAM%

41.97

42.36

-39bps

PATM%

31.22

27.83

3.39

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