Tatva Chintan Q2 Review - Robust Fundamentals; Major Contribution From Structured Directing Agents: KRChoksey

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KRChoksey Research Report

Tatva Chintan Pharma Chem Ltd.'s revenue reported at Rs 123.6 crore as against Rs 106.8 crore/Rs 60 crore in Q1 FY22 and Q2 FY21, respectively.

Ebitda reported at Rs 35.9 crore (up 38.9% QoQ/ up 463.8% YoY). Ebitda margin (excluding other income) improved to 29.0% on account of favorable product mix.

Tatva Chintan Pharma's employee expenses stood at Rs 7.5 crore and operating expenses at Rs 25.3 crore.

Profit before tax reported at Rs 35.4 crore. Profit before tax margin stood at 28.7%.

Profit after tax reported at Rs 32.4 crore. Profit after tax margin stood at 26.2% backed by lower effective tax rate, as Dahej facility enjoys zero tax on its export revenue.

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