- Net sales increased by 37%
- EBIDTA increased by 16%
Vinati Organics Limited (VOL) (BSE: 524200), the world’s largest manufacturer of IBB (Isobutyl Benzene) and ATBS has posted a 37% rise in Net Sales at Rs. 99.95 cr for the Quarter ended September 30th 2011, as compared to Rs. 72.87 cr in the corresponding period of the previous year.
The company’s EBIDTA has increased to Rs. 18.12 cr for the quarter posting a rise of 16% as compared to Rs. 15.62 cr in the corresponding period of the previous year.
The company’s PAT has decreased to Rs. 8.62 cr compared to Rs. 12.05 cr in the corresponding period of the previous year, resulting in a decrease of 28%.
Commenting on the results, Ms. Vinati Saraf Mutreja, Executive Director, Vinati Organics Ltd said, “We are in line in terms of our sales growth but the PAT has been impacted mainly due to forex loss and increased tax rate”.