Published on 25/10/2021 5:24:51 PM | Source: Angel One Ltd
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Below is quote on Ami Organics reported Q2FY22 numbers below the market expectation by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Ami Organics Limited reported revenue from operation at 122.30 crores up by 34%, YoY 91.27 crores in Q2FY21. The company reported a net profit of ₹17.47 crores up by 14.7% as compared to ₹15.22 crores in Q2FY21. PAT margins stand at 14.2% for the quarter, down by 220 bps from Q2FY21.
Ami Organics reported a weak set of numbers for Q2FY22, this is the first quarterly numbers reported by the company after the listing. The company has done the repayment of its debt by ₹136.2 crores by the IPO proceeds. We have seen pressure on gross profit as raw material prices have moved up, we have a neutral outlook on Ami Organics.
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