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Punjab Chemicals Consolidated September 2023 Net Sales at Rs 242.18 crore
Nov. 9, 2023
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IndiaPunjab Chemicals and Crop Protection Limited (Punjab Chemicals) has reported financial results for the quarter and half year ended September 30, 2023.
Result Highlights:
Registered a Revenue of Rs 242 Cr in Q2 FY24 and for H1 FY24 at Rs 524 Cr; led by 12% YoY growth in domestic sales.
Gross Margin at 41% for the quarter increased by 350 bps YoY, whereas for H1 FY24 stood at 37.7%, attributable to improved product mix.
EBITDA for Q2 FY24 stands at Rs. 35 Cr, delivering a growth of 14.2% YoY, and for H1 FY24 at Rs. 73 Cr, delivering a growth 10% YoY. Change in product mix and initiatives for cost optimization led to the significant improvement.
EBITDA Margin for quarter stands at 14.6%, an increase of 350 bps YoY; H1 FY24 Margin at 14%, increase of 190 bps YoY.
PAT for the quarter stands at Rs 18 Cr, up by 3% YoY and for H1 FY24 at Rs. 40 Cr, registering an increase of 6% YoY.
PAT Margin for Q2 FY24 stands at 7.5%, and 7.6% for H1 FY24.
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