Hot Pursuit     16-May-22
Ami Organics gains after Q4 PAT increases 38% YoY
Ami Organics advanced 2.99% to Rs 967 after the company reported 38.2% rise in consolidated net profit to Rs 21.28 crore on a 54.5% increase in revenue from operations to Rs 143.54 crore in Q4 FY22 over Q4 FY21.

Profit before tax in Q4 FY22 stood at Rs 22.26 crore, up by 7.9% from Rs 20.64 crore in Q4 FY21.

The company recorded 33.2% increase in net profit to Rs 71.94 crore on a 52.7% rise in revenue from operations to Rs 520.13 crore in FY22 over FY21.

The board of Ami Organics has recommended a final dividend of Rs 3 per share for the FY 2021-22. The record date for the final dividend shall be intimated in due course of time, the company said.

Ami Organics is a research and development driven specialty chemicals manufacturer with varied end usage, focused on the development and manufacturing of advanced pharmaceutical intermediates.

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