Shree Pushkar Chemicals and Fertilisers Ltd. (BSE:539334; NSE: SHREEPUSHK) declared its Q1 results for the FY19. The company reported a consolidated revenue growth of 24.9% for the quarter ended June 2018, against the same period last year 2017. The consolidated EBIDTA margin expanded by 20 basis points translating to a 26.4% growth in EBIDTA, YoY. The consolidated PAT grew by 30.4% and stands at Rs. 9.1 crores at a PAT margin of 9.4%. The PAT margin also registered a growth of 50 basis points.
On the back of an initiated capacity expansion coming on stream in FY19, the company expects an additional output, translating to an increased growth in revenue. The company anticipates prices to remain stable at the current levels, for the remaining part of FY19.
The company has planned to undertake an additional capex in the range of Rs. 75 crores in the dyes and dye intermediaries' segments. This capacity expansion is expected to roll out into production in FY20.
Post the acquisition of Kisan Phosphate Ltd. in October 2017, the company has been able to successfully reorganise the operations and bring a considerable reduction in outstanding liabilities, resulting in cost optimisation, thereby strengthening the balance sheet significantly. There is a planned capex of approximately Rs. 10 crores to enhance production capabilities.
Commenting on the result, Mr. Punit Makharia, CMD, said, "continuing on our path of advanced zerowaste management and engineering methodologies, we have been able to build a unique and robust business model that is integrated and sustainable. This enables us to embark on a robust growth path backed by consistent demand."
Shares of Shree Pushkar Chemicals & Fertilisers Ltd was last trading in BSE at Rs.198 as compared to the previous close of Rs. 209.25. The total number of shares traded during the day was 39602 in over 598 trades.
The stock hit an intraday high of Rs. 214.05 and intraday low of 196. The net turnover during the day was Rs. 7922517.