NACL Industries Limited has announced results for the third quarter ended December 31, 2020.
Key Highlights:
Revenue from operations for the Q3 FY21 is Rs264.75cr, registering a growth of 11%, Earnings before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the Quarter ended 31st December, 2020 stood at Rs28.88cr and Rs9.10cr respectively compared to Rs17.92cr and Rs3.09cr in the corresponding period of previous year.
Revenue from Operations for the ytd 2020-21 is Rs860.94cr. registering a growth of 17%, Earnings before Interest, Depreciation and Tax (EBIDT) and Profit After Tax (PAT) for the ytd 2020-21 stood at Rs92.85cr and Rs33.15cr respectively, compared to Rs55.63cr and Rs10.77cr in the corresponding periods of previous year.
Key Updates on Q3 2020-21:
For the 9 months period ending Dec.'20, exports grew by more than 40% over the last year. The outlook for Q4 looks positive with good order book for Technicals and Formulations.
Srikakulam Technical Manufacturing Unit Operations for Q3 have been encouraging and recorded highest ever production. Capacity enhancement and energy reduction projects are in progress to increase productivity of various Intermediates / Technicals.
Ethakota Formulation Unit's production volumes in Q3 are higher than the corresponding quarter in previous year. Commercial production of two new granular formulations has commenced.
The Company’s Wholly Owned Subsidiary (‘WoS’), NACL Spec-Chem Limited (NSCL), acquired GIDC industrial land at Dahej, Gujarat for setting up a green-field project for manufacturing of Agrochemical Active Ingredients and Formulations. Project implementation is in progress.
During the quarter under review, the pledge of Promoter’s holding of 4,67,73,453 equity shares (representing 23.84% of Paid-up capital of the Company), have been released.
The equity share capital of the company has been increased by 1,92,497 equity shares allotted upon exercise of stock option by the eligible employees under “Nagarjuna Agrichem Ltd. — Employee Stock Option Scheme 2015 (ESOS 2015)” and further increased by 34,20,000 equity shares, allotted to MRsK.Lakshmi Raju, Promoter of the Company, upon exercise of Warrants.
Comments from Pavan Kumar, MD & CEO “It is encouraging that the company has been growing its Sales and Profits steadily over last many quarteRsWhile navigating the pandemic with the required principles of safety and service orientation, the company is investing in substantial manufacturing capacity enhancement along with development, registration and launch of new products to serve the needs of its domestic and international customeRsDriven by the core principles of customer centricity, productivity and sustainability, the company is optimistic of improving its overall performance in the time to come, meeting various stakeholder expectations.”
NACL Industries is currently trading at Rs41.05 apiece up by Rs0.50 or 1.23% on the BSE, at around 10:38 AM