Ion Exchange India Ltd - 500214 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Earnings Call Transcript Opening Remarks by Management I will briefly recap the third quarter performance of a company on a consolidated basis. The operating income for the quarter was INR 3982 million this has grown by approximately 54% on a year-to-year basis. Operating EBITDA reported was INR 392 million which has grown by about 110% on a year-on-year basis and the EBITDA margin as a percentage stood at 9.84% which is a 260 basis point increase year-on-year. The net profit after tax reported was INR 263 million which has grown by 233% on a year-on-year basis. The PAT margin was 6.6% which has grown by 354 basis points on a year-on-year basis. Going through the quarterly segmental performance on a consolidated basis in the engineering division the turnover was INR 2,555 million as against INR 1,330 million for the corresponding period last year which has witnessed a growth of almost 92%. The EBIT was INR 200 million as against last year INR 53 million a growth of 277%. The increase in the sales and profitability of the back of the healthy order backlog. The Sri Lanka order execution is proceeding satisfactorily and the revenue recognition for the quarter is based on the work in progress. In the chemical division the revenue recorded was INR 1,233 million as against INR 1,123 million for the corresponding period last year which has witnessed a growth of 10% on a year-on-year basis. The reported EBIT for this segment was INR 178 million as compared to INR 121 million in Q3 of FY19 a growth of 47%. In the consumer product division the turnover for the quarter was reported INR 323 million as compared to INR 327 million in the corresponding quarter of the previous year. The loss for the quarter was INR 8 million as against INR 4 million in the third quarter of the corresponding year. Higher volumes has resulted in the growth in the topline on the year-toyear basis in this quarter. The company expect improved performance in the ensuring quarter with the increase in volume. Click pdf to read full transcript14-02-2020