Categories: Business & Economy

Rossari Biotech net profit, revenue increase; The margin contracts to 11.8%

Mumbai-based Indian specialty chemicals maker Rossari Biotech Ltd. reported its third-quarter results on Saturday, January 17.

While its net profit, revenue and earnings before interest and tax depreciation and amortization (EBITDA) have increased, its margins have contracted.

Rossari Biotech’s net profit rose 3.2 per cent to ₹32.7 crore from ₹31.7 crore in the previous year.
Its revenue saw an increase of 13.4 per cent to ₹581.6 crore from ₹512.7 crore in the third quarter of the previous fiscal.

The company’s EBITDA also grew 6.3% annually from ₹64.7 crore to ₹68.8 crore.

However, its margin contracted to 11.8%, compared to 12.6% a year earlier.

Shares of Rossari Biotech ended the previous session down almost 1% at ₹534.5 apiece. The stock is down 33.6% over the past year.

Also Read: Punjab and Sind Bank Q3 Results | Profit increases by 19% year-on-year, asset quality improves

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Michael Johnson

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