Meghmani Finechem zooms 28% in two trading sessions post robust Q4 results

Q4 ebitda margin was up by 405 bps to 35 per cent on the back of strong operational efficiency and internal cost control measures.

Shares of Meghmani Finechem hit a record high of Rs 1,469.55 on rallying 14 per cent on the BSE in Tuesday’s intra-day trade. The stock has zoomed 28 per cent in the past two trading days after the company reported a robust operating and financial performance for March quarter (Q4FY22). In the past seven weeks, the stock of the specialty chemicals has zoomed 91 per cent from a level of Rs 771 on March 7, 2022.

In Q4, the company’s profit after tax (PAT) tripled to Rs 99 crore from Rs 33 crore in previous year quarter, on the