Specialty chemicals company Meghmani Finechem announced Q3FY23 result: Q3FY23: Revenue grew 27% to Rs 538 crore on account of volume growth of 18% and higher realizations from majority products. Revenue contribution from derivative & specialty segment increased to 31% in Q3FY23 vs 25% in Q3FY22 EBITDA grew 18% YoY. Margin stood strong at 31% (33% Q3FY22) PAT grew 11% YoY to Rs 77 crore and PAT margin dropped by 2.2% on account of higher interest and depreciation due to the commissioning of new capacities 9MFY23: 9MFY23 revenue, EBIDTA and PAT surpassed FY22’s full-year numbers Revenue grew 55% to Rs 1,626 crore on account of 7% volume growth and high realizations PAT grew 80% to Rs 277 crore and margin improved to 17% vs 15% in 9MFY22, on account of higher realizations ROCE and ROE grew to 35% and 46% respectively on account of higher realization and volume growth “We have witnessed 18% volume growth in Q3FY23, resulting in Revenue growth of 27% YoY. Even in this volatile market, we have seen volume growth in all our products and have grown on an absolute basis. The new products that we commissioned in 9MFY23 have marginally started contributing to P&L; and we expect that contribution to increase from Q4FY23 onwards. Revenue contribution from derivatives & specialty segment increased to 31% in Q3FY23 vs 25% in Q3FY22. For CPVC resin, our product is well accepted by all customers and we are expected to reach optimum capacity utilization in Q4FY23. Considering the market size and growth potential, we are increasing our CPVC resin capacity to 75,000 TPA, by adding another 45,000 TPA. We are ready with the basic infrastructure required for CPVC resin expansion; hence we will be able to execute this project faster and at a lower capex compared to the 1st phase. This expansion will further strengthen our integrated complex as chlorine will be consumed as a key raw material in CPVC resin. MFL board has declared its 1 st maiden interim dividend of 25% on face value of Rs 10 (Rs 2.5 per equity share). With our expansion plans, we are moving in line with our long-term vision to become a fully integrated complex catering to diversified industries and grow consistently.” Maulik Patel, Chairman and Managing Director Result PDF