Good numbers.
Can anyone help me with a doubt?
In the April concall, management had mentioned that the total debt (including working capital) is 498cr but in balance sheet long term and short term borrowings were 245cr and 115cr. These add to 390cr. Where to read off the additional 108cr debt?
Good consolidated results but a slightly weak standalone results especially on sequential basis.
Promoters have converted warrants to shares. Will need to see the market reaction to that. The price is Rs 85 but that was known to the market. The conversion coming ahead of the schedule does show the confidence of promoters.
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=9fd8bcb5-284e-4c74-8c1c-ca1ed18af8e8
Anyone has got any idea of the concall.
Disclosure: Invested
Great Q2 results. Turnaround story continues. Profit of 2.56 Cr in Q2 FY 16 vs Loss of 7.39 Cr in Q2 FY 15. No wonder Promoters have raised their stake from 61.83% to 66.79% in last one year 
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=4f6eb3f0-95e3-4203-839e-67bf818418cb
Disc - invested
Great Q2 results. Turnaround story continues. Profit of 2.56 Cr in Q2 FY 16 vs Loss of 7.39 Cr in Q2 FY 15. No wonder Promoters have raised their stake from 61.83% to 66.79% in last one year
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=4f6eb3f0-95e3-4203-839e-67bf818418cb
Disc - invested
Strong set of Q2 numbers.
Sales growth : 16% 333 Cr Vs 386 Cr
PAT Growth : 56% 17.3 Cr Vs 27 Cr
Margin : 7%
Disc : Invested
Also declared second interim dividend of Rs. 0.15 per share.
Disc - Invested
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Q2 FY2016 results are out : strong improvement in gross profit margin (all thanks to USA plant) and hence meaningful PAT growth of 30% y-o-y and q-o-q both. In fact, PAT growth is so strong that H1 FY2016 PAT of Rs. 23 cr. is ~42% higher than H1 FY2015 PAT of Rs. 16.5 cr!!
Key questions which come to mind -
1. Why is there no sales growth from India plant?
2. Gross profit margin at USA plant seems very high. Are they sustainable?
3. For FY2016 guidance, it seems management will over achieve its PAT guidance very easily. However, will it be able to achieve sales guidance?
4. Are we on track to start commercial production of Nylon 66 plant at Silvassa?
5. The big client from USA, who had approved yarn package supplies from Sarla's USA plant, did that dialogue progress?
6. Any other meaningful update at USA plant?
Shaily come up with another good set of Numbers. Very good quarter Indeed.
Could you tell when there are environmental concerns for usage of Boron in Soaps & Detergents. The element seems to be needed by organisms, although concentrated amounts in soil are bad for plants, would that be the case?
