Atul Ltd sees 40% rise in net profit for Q3; stock up ~2%

Atul Ltd sees 40% rise in net profit for Q3; stock up ~2%
Atul Ltd posted its Q3FY20 results today. The company has witnessed a rise on all the fronts on yoy basis. The company's revenue for the quarter under review came im at Rs1,041.4cr, up 1% yoy vs. Rs1,031.5cr in Q3FY19.

The stock is trading higher by ~2% post the results announcement.

EBITDA for Q3FY20 stood at Rs249.3cr, up 16.8% yoy compared to Rs213.4cr posted in Q3FY19. The company's margins came in at 23.9%, higher by 320bps yoy against 20.7% in Q3FY19.

Atul Ltd witnessed higher PAT in Q3FY20 at Rs169cr, up 44.3% yoy vs. Rs117cr registered in Q3FY19.


Stock view:
Atul Ltd is currently trading at Rs4,447.35 up by Rs63.9 or 1.46% from its previous closing of Rs4,383.45 on the BSE.




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