Atul hits record high after Q3 PAT rises 45%

Atul rose 2.29% to Rs 4484 after the company reported good Q3 results during market hours today.

On a consolidated basis, Atul's net profit jumped 44.32% to Rs 168.91 crore in Q3 December 2019 as against Rs 117.04 crore reported in Q3 December 2018. Revenue from operations rose 0.96% to Rs 1,041.41 crore on year-on-year basis.

Profit before tax (PBT) stood at Rs 226.92 crore in Q3 December 2019, up by 26.56% from Rs 179.30 crore in Q3 December 2018. Tax expenses declined 8.87% to Rs 57.24 crore in Q3 FY20 from Rs 62.81 crore in Q3 FY19.

The stock hit an intraday high of Rs 4508 which is also a record high for the counter.

 

Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.

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