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
Comment:
Prakash industries will be volatile today due to results. May fall but it has a high chance of going up.
Comment:
People are fearing of demerger. That's why 5% allocation instead of usual 10%.
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