Vinati Organics Ltd: Stellar Q3 FY 2018-19 Numbers
Vinati Organics Limited, a specialty chemical company in India, has announced its Q3 FY 2018-19 numbers today just after the market hours!
The Company has posted a stellar revenue growth of 63.24% year-on-year basis for the period ended 31 December 2018. Company’s revenues were INR 303.05 Cr for October to December 2018 quarters versus INR 185.65 Cr same period last year.
The Company’s revenue from operations for the July to September 2018 quarter stood at INR 248.74 Cr, showing 21.83% growth QoQ basis.
The Company has posted INR 70.68 Cr of PAT for the quarter ended December 2018; the same was stood at INR 31.73 Cr same period last year, registering a whopping 122.75% growth YoY basis, the company also showing 8.68% growth quarter-on-quarter basis as far as profit after tax is concern.
About Vinati Organics
Vinati Organics Limited (VOL) is a leading global manufacturer of niche chemical IBB (iso butyl benzene)
History: Established in 1989, Vinati Organics is promoted by Maharashtra Petrochemicals Corporation (MPCL) and Vinati Enterprises, a partnership firm where Vinod Saraf was the principal partner.
Business: Vinati Organics Limited is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries catering to industrial and consumer companies.
VOL is world leaders in two of its main products, Isobutyl Benzene (IBB) and 2-Acrylamido 2 Methylpropane Sulfonic Acid (ATBS).
The Company combine innovation with chemistry to deliver value-added products to our customers.
Plants: VOL has 2 plants, both situated in Maharashtra at Mahad (Raigad) and Lote Parashuram (Ratnagiri). Both the plants are ISO 9001: 2008, ISO 14001: 2004 and ISO 18001:2007 certified for following quality control, environment, and health and safety standards.
Reach: VOL present in over 22 countries worldwide, and export products to customers across the US, Europe and Asia.
Stock Price Movement
The stock ended INR 54.00 or 2.18% higher to 2535.45 when the market closed! During 3rd quarter of FY 2018-19, the share prices of Vinati Organics Limited has made a low of INR 1056 and high of INR 1728
Vinati Organics on Technical Charts
The stock prices of VOL is trading 20% higher when compared to its 200 EMA (1313) and trading marginally above when compared to its 50 EMA (1548)
Average Return
The stock has given 63% positive returns over the last 6 months and 66% positive returns over the last 12 months.
VOL’s current market cap is more than INR 8100 Cr and trading at a PE ratio of 38
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