|
Advanced Enzyme Technologies net sales rose 8% to Rs 120.39 crore for quarter ended Sep 20. The company operating margins increased 620 bps to 48.6% leading 24% increase in operating profits to Rs 58.51 crore.
Other income stood at Rs 58 lakh compared to Rs 1.54 crore. Interest cost was Rs 39 lakh compared to Rs 74 lakh. Depreciation rose 5% to Rs 6.8 crore. PBT was up 25% to Rs 51.91 crore.
Tax expenses were up 37% to Rs 13.35 crore owing to which the company's net profit reported was up 21% to Rs 38.56 crore. Further considering minority interest, Bottomline of the company increased 20% to Rs 37.19 crore.
Consolidated performance for the half year ended Sep20
For year ended Sep20, net sales rose 4% to Rs 443.99 crore. The company operating margins increased 230 bps to 47.7%. As a result operating profits rose 9% to Rs 110.24 crore.
Other income rose 124% to Rs 5.82 crore. Interest cost was down 46% to Rs 84 lakh. Depreciation rose 6% to Rs 13.52 crore. PBT was up 14% to Rs 101.69 crore.
The effective tax rate increased to 27.9% from 26.1% owing to which the company's net profit rose 11% at Rs 73.36 crore. Further considering minority interest, Bottomline of the company rose 11% to Rs 71.44 crore.
The scrip is currently trading at Rs 330
|