By ICN GroupChemical, May 22, 2020
NACL Industries Q4 revenue up 56%
The company's Q4 revenue from operations has increased 56 percent to reach Rs. 277 crore whereas FY2019-20 revenues has increased by 17% to reach Rs. 1,015 crore.
NACL Industries Q4 revenue from operations has increased 56 percent to reach Rs. 277 crore whereas FY2019-20 revenues has increased by 17% to reach Rs. 1,015 crore.
Earnings Before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for FY2019-20 stood at Rs. 76.07 crore and Rs. 15.78 crore respectively compared to Rs. 39.41 crore and Rs. (8.38) crore in the corresponding period of the previous year. The EBIDT and PAT for the quarter is Rs. 20.44 crore and Rs. 5 crore respectively compared to Rs. (11.26) crore and Rs. (16.23) crore of the same period of previous year.
Domestic sales increased by 12% in the quarter over the corresponding quarter of previous year, Increased acreages of paddy and wheat aided the company's business. COVID-19-19 has had its impact on agricultural operations from March. However, agriculture being an essential sector, operations could improve. In Q4, the export business witnessed a growth of over 50% over the same period in the previous year.
After brief disruption to production operations post lockdown, the company has restored manufacturing operations as per guidance and advice of the government. The company is implementing capacity augmentation projects in the existing sites while working on developing two greenfield manufacturing sites
The company’s equity capital stand increased to Rs.19.26 crore through further equity infusion by way of conversion of warrants.
During FY2019-20, R&D has developed processes for a number of active ingredients and formulations some of which have been commercialized.