Tatva Chintan tumbles down

about 8 months ago
No Image

Tatva Chintan posted a very disappointing performance for Q4FY22. Consolidated net profit was down 17% (YoY) at Rs.175 crore and this was on a 9% lower revenue from operations at Rs.985 crore.

Apart from the lower sales, the 31% spike up in raw material costs also eroded the bottomline.

EBITDA was down 17% at Rs.223 crore while margins slipped from 24.9% to 22.64%.

The market was not too happy with this performance, giving it a thumbs down. The stock opened 10% lower at Rs.2250 but recouped from this low levels to trade at Rs.2306 currently, nevertheless, down over 7.5%.

The stock got listed last July with a big bang – as against an IPO price of Rs.1083, it got listed at Rs.2111.80. Its 52-week high is at Rs.2975.55 and even the low is way over the IPO price at Rs.2000.75.

2248.55 (+1.05)

Popular Comments

No comment posted for this article.