Sicagen delivers improved performance in Q4 with revenue of Rs. 154.36 crores, EBIDTA of Rs. 7.35 Crores and PAT at Rs. 2.06 crores.

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

FY 2018-19 was one of the toughest years in the business yet Sicagen maintained its performance by achieving a turnover of Rs 547.74 crores

 

Standalone Financials:

Sicagen India Ltd, a pioneer in the trading of the best Building materials brands, apart from strong presence in the areas of Power and control systems, Specialty chemicals and Industrial packaging today announced in FY19 Q4 and yearly results.

                                                                            (In INR Crore)

Particulars

Quarterly

 

Annual

 

 

31-03-2019

31-03-2018

31-03-2019

31-03-2018

Revenues

154.36

159.08

547.74

578.19

EBITDA

7.35

7.43

14.06

15.67

PAT

2.06

4.81

2.19

6.42

EPS

0.52

1.22

0.55

1.62

 

Even under tough market conditions and competition from many unorganized players, the company has almost maintained its performance for the FY 2018-19 closer to the performance of FY 2017-18.

The Board of Directors, at its meeting on 22nd May 2019, recommended a 4 per cent dividend (40 paisa per share of Rs 10) for the year.

Leadership Comment:

Mr. Ashwin Muthiah, Chairman – Sicagen India and Founder Chairman, A M International, Singapore:

Infrastructure spending experienced a slowdown in the past year. This macro-economic factor weighed into Sicagen’s overall performance, yet the company performed similarly to the previous year. The other divisions have shown promise by expanding its product range through value-added R&D measures. An eye on the costs and efficiency has delivered a significantly healthier bottom-line.

Developments during the quarter:

Power Control systems have added ABB and Danfoss products in its range. It has bagged an order from MFL.

Specialty chemicals business successfully developed new products like Defoamers, Demulsifiers & scale inhibitor through continuous R & D efforts. Defoamers were successfully tested in Coromandel, and SPIC and supplies have started during the current year.

Boat building division has got an expression of interest and participation from 7 fishermen to build boats under GOI scheme.

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