Revenues increased 35% YoY (up 1.8% QoQ) to Rs 719.5 crore in Q2FY23. EBITDA was Rs 80.2 crore, up 3.9% YoY (down 5.6% QoQ). Gross profit for the quarter was Rs 265 crore against Rs 282 crore in Q1FY23. PAT was at Rs52.1 crore, down 11.2% YoY (down 5.8% YoY)
While we await sales volume data, revenue growth YoY was driven by higher realisation and volume as per our understanding. Maintaining a balance between volume growth and margins will be important going ahead as raw material costs are likely to be at elevated levels in near term
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