Prakash Industries - Results Outlook and Demerger
Prakash Inds Q1 (YoY)
Revenues up 51% at Rs 985 cr vs Rs 650 cr
Net profit up 186% at Rs 169 cr vs Rs 59 cr
EBITDA up 571% at Rs 239.7 cr vs Rs 35.7 cr
Margins at 24.3% vs 5.5%
Company says
In process of Demerging its PVC Pipes & Fittings business
Flexible Packaging plant has been successfully commissioned
Highest ever quarterly sales volume of around 2.4 lac tonnes in Q1
Revenues up 51% at Rs 985 cr vs Rs 650 cr
Net profit up 186% at Rs 169 cr vs Rs 59 cr
EBITDA up 571% at Rs 239.7 cr vs Rs 35.7 cr
Margins at 24.3% vs 5.5%
Company says
In process of Demerging its PVC Pipes & Fittings business
Flexible Packaging plant has been successfully commissioned
Highest ever quarterly sales volume of around 2.4 lac tonnes in Q1
Note
Prakash industries will be volatile today due to results. May fall but it has a high chance of going up.Note
People are fearing of demerger. That's why 5% allocation instead of usual 10%.
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