Sicagen delivers strong performance in Q2FY20

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Sicagen delivers strong performance in Q2FY20

PBT clocks 7x growth whilePAT  expands by 4.7x y-o-y.

November2019, Chennai / Mumbai: Sicagen India Limited(Sicagen), a leading integrated, value-added solutions provider for infrastructure, industrial packaging and speciality chemicals, and part of AM International – Singapore, announced its Q2FY20 results today.

Financials:

During Q2FY20, Sicagen registeredEBIDTA levels of INR 2.96 crore as compared to INR 1.71 crore during Q2FY19. The company’s PBT  during the last quarter was recorded at INR 1.20 crore as against a loss of INR 0.19 crore during the same period last year. The PAT stood at Rs.0.84 crore vis-a-visa loss of INR 0.23 crore for the corresponding period of the previous year.

Standalone Quarterly Performance

Particulars Q2FY20 Q2FY19 Variance Year ended 31.03.19 Year to Date

FY20 (q1+q2)

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Revenues 120.98 128.51 -6% 547.74 245.3
EBITDA 2.96 1.71 73% 13.26 6.25
PBT 1.20 (0.19) 732% 5.04 2.52
PAT 0.84 (0.23) 465% 2.19 1.73

Leadership Comment:

Mr. Ashwin Muthiah, Chairman of Sicagen India Limited and Founder Chairman, AM International, Singapore said:

“Sicagen continued to deliver a robust performance during the last quarter. The strong performance demonstrates the success of the company’s strategy of maintaining margins, optimizing costs and reducing dependence on borrowings. I’m confident that the strategy will deliver sustained value for our stakeholder ecosystem in the future as well.”