Sicagen delivers a turnaround in profit in Q1FY20
PAT rises by 144% and EBIDTA increases by 58%. 31 st July 2019, Chennai / Mumbai: Sicagen India Limited, a leading integrated, value-added solutions provider of building materials, power and control systems, industrial packaging and speciality chemicals, announced its Q1FY20 results today. Financials: The company reported a remarkable increase in PAT by 144% at INR 0.89 crore in Q1FY20 as compared to INR 0.39 crore in Q1FY19. Its EBITDA registered a rise of 58% - from INR 1.42 crore in Q1FY19 to INR 3.40 crore in Q1FY20. The earnings per share also witnessed a 145% y-o-y growth in Q1FY20. While factors such as a sluggish macro-economic environment and low demand for construction material weighed on the company's revenues, yet the company’s performance was similar to the previous year. ...
