Q4FY21 Company Update - Oriental Carbon & Chemicals - ICICI Direct

Oriental Carbon & Chemicals (OCCL) reported a healthy performance in Q4FY21. Net sales in Q4FY21 came in at Rs. 104 crore, almost flat QoQ while up 22% YoY, amid healthy volume reported by key tyre players domestically. EBITDA in Q4FY21 was at Rs. 36 crore with corresponding EBITDA margins at 34.7%, down 260 bps QoQ but near its normalised range. Ensuing PAT in Q4FY21 was at Rs. 25 crore, down 13% QoQ. The company also declared a final dividend of Rs. 10/share with total dividend for FY21 at Rs. 14/share. On a full year basis, for FY21, topline decline was limited to 3.2% YoY with PAT up 4.8% YoY amid ~500 bps expansion in EBITDA margins.

For details, click on the link below: Link to the report

Shares of ORIENTAL CARBON & CHEMICALS LTD. was last trading in BSE at Rs.1077.6 as compared to the previous close of Rs. 1064.3. The total number of shares traded during the day was 786 in over 160 trades.

The stock hit an intraday high of Rs. 1080.8 and intraday low of 1060.1. The net turnover during the day was Rs. 840708.

Source : Equity Bulls

Keywords