The web revenue within the March quarter was flat, up by only one per cent at Rs 31.68 crore, in comparison with 31.33 crore in the identical quarter earlier yr. Nevertheless, the revenue fell 26 per cent on a sequential foundation in comparison with Rs 43.09 crore within the quarter ended on December 31, 2021.
The scrip fell 7 per cent to Rs 426 on Monday, recovering to Rs 436.85 at 10.55 am. BSE Sensex was up by 299.23 factors or 0.58 per cent at 51,722.11 the identical time. The counter settled at Rs 457.95 within the earlier session.
Superior Enzymes reported a 20.82 per cent YoY enhance in consolidated revenues for the March 2021 quarter at Rs 133.22 crore, in comparison with Rs 11.26 crore within the corresponding quarter a yr in the past. Nevertheless, the corporate clocked an revenue of Rs 137.74 crore within the December 2020 quarter.
Net margins at 23.78% for March 2021 quarter was decrease than 28.41% within the March 2020 quarter. NPM was additionally decrease by 750 foundation factors on a sequential foundation as in comparison with the December 2020 quarter.
Internet margins of the corporate declined in March 2021 to 23.78 per cent from 28.41 per cent in the identical quarter earlier yr. EPS inched up marginally to Rs 2.83 from Rs 2.80.
Shares of Superior Enzyme have trebled within the final one yr from Rs 149.10 on May 29, 2020 to Rs 503 within the earlier week. Nevertheless, the counter is buying and selling 15 per cent decrease than its latest 52-week excessive.
Within the monetary yr ended on March 31, 2021, the revenues of Superior Enzymes surged 13 per cent to Rs 501.84 crore.