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BEPL or Bhansali Engineering Polymers, a specialty chemical segment company included in the BSE Smallcap Index, has presented its March quarter results. There has been a slight decline in the company's profits. On the other hand, the company's income has increased by 9 percent compared to last year. EBITDA also registered a slight increase on a year-on-year basis. On the other hand, margins have softened somewhat compared to last year. The stock saw a sharp decline during the last session and the stock closed down by 4 percent.
The company has also announced dividend to its investors along with the results. The company has informed that the board has approved the proposal of dividend of one rupee per share.
How were the quarterly results? The company's profit has come down by 2.2 percent compared to last year and has come down from Rs 40.4 crore to Rs 39.5 crore on year-on-year basis. Along with this, the company's income has increased from Rs 321.2 crore to Rs 349 crore compared to last year and there has been an increase of 8.7 percent on year-on-year basis. EBITDA has seen a growth of 1.8 percent and the figure has increased from Rs 51.1 crore to Rs 52 crore. At the same time, during the last quarter, the company's margins were at 15 percent, which was at the level of 16 percent a year ago.
How was the stock's performance? In the last session, the stock closed at 110.7 with a decline of 4.2 percent. The stock's highest level of the year is 177, which was recorded in September last year and the lowest level of the year is 86, which was recorded in June last year. The stock was trading near the level of 100 a year ago.
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