Punjab Chemicals Consolidated September 2023 Net Sales at Rs 242.18 crore

Date:11-09-2023

Punjab 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.