Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Orchid
Orchid Chemicals (Orchid) reported strong set of numbers for 4QFY2011. Net sales came
in at `528cr (`305cr), an increase of 73.0% yoy, higher than our estimates of `369cr.
Gross margin came in at 46.3% for the quarter. This translated into OPM of 22.9% in
comparison to an operating loss in the same quarter last year. Orchid reported a drop of
48% yoy and 5.9% yoy in interest cost as well as depreciation cost in the quarter under
review, which boosted the bottom line. Net profit came in at `58.7cr (`398cr) due to
extraordinary items of `897cr in 4QFY2010. Adjusted net profit during the period was
`63.3cr as compared to loss of `500cr in the same quarter last year, higher than our
estimate of `62cr.
For the full year, net sales reported growth of 32.2% yoy to `1,717cr. OPM came in at
20.5% for the full year. Net profit dropped by 54% yoy mainly due to extraordinary items in
4QFY2010. Adjusted net profit came in at `154.2cr compared to loss of `553.6cr in
FY2010. The stock is currently trading at 10.6x FY2012E and 8.0x FY2013E earnings and
is under review.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Orchid
Orchid Chemicals (Orchid) reported strong set of numbers for 4QFY2011. Net sales came
in at `528cr (`305cr), an increase of 73.0% yoy, higher than our estimates of `369cr.
Gross margin came in at 46.3% for the quarter. This translated into OPM of 22.9% in
comparison to an operating loss in the same quarter last year. Orchid reported a drop of
48% yoy and 5.9% yoy in interest cost as well as depreciation cost in the quarter under
review, which boosted the bottom line. Net profit came in at `58.7cr (`398cr) due to
extraordinary items of `897cr in 4QFY2010. Adjusted net profit during the period was
`63.3cr as compared to loss of `500cr in the same quarter last year, higher than our
estimate of `62cr.
For the full year, net sales reported growth of 32.2% yoy to `1,717cr. OPM came in at
20.5% for the full year. Net profit dropped by 54% yoy mainly due to extraordinary items in
4QFY2010. Adjusted net profit came in at `154.2cr compared to loss of `553.6cr in
FY2010. The stock is currently trading at 10.6x FY2012E and 8.0x FY2013E earnings and
is under review.
No comments:
Post a Comment