CLEAN · Chemicals
Clean Science and Technology Ltd. reported revenue of ₹224 cr for April to June 2024, +19.1% on the year and −1.8% on the quarter.
Operating profit (EBITDA) was ₹95.0 cr, a margin of 42.4%, +199 bps on the year and +74 bps on the quarter. Operating costs grew +15.2% against revenue growth of +19.1%, so more of each rupee of sales reached operating profit.
Net profit was ₹66.0 cr, +11.9% on the year and −5.7% on the quarter, with earnings per share of ₹6.20. Profit before other income, one-offs and tax grew faster, at +19.7%; other income, one-offs or tax held the headline back. The tax rate of 26% is in line with its recent average.
Speciality chemicals are read on volumes and pricing, with Chinese supply a recurring swing factor; inventory destocking can hit a quarter without a change in demand. The quarterly statements do not carry volumes against prices, capacity utilisation and new molecules; those come with the filing read.
On earnings per share of ₹23.61 over the last four quarters, the stock at ₹784.55 trades at 33.2 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹181 cr | ₹195 cr | ₹228 cr | ₹224 cr | ₹238 cr | ₹241 cr | ₹264 cr | ₹243 cr | ₹245 cr | ₹220 cr | ₹249 cr | ₹268 cr |
| YoY | — | — | — | +19% | +31% | +24% | +16% | +8% | +3% | −9% | −6% | +10% |
| EBITDA margin | 41.4% | 44.6% | 41.7% | 42.4% | 37.8% | 40.7% | 39.8% | 41.2% | 35.5% | 32.7% | 38.6% | 35.8% |
| Other income, % of PBT | 9% | 10% | 15% | 11% | 13% | 6% | 12% | 14% | 9% | 16% | 4% | 22% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 26% | 26% | 29% | 23% | 26% | 26% | 26% | 27% | 25% | 25% |
| Net profit | ₹52.0 cr | ₹63.0 cr | ₹70.0 cr | ₹66.0 cr | ₹59.0 cr | ₹66.0 cr | ₹74.0 cr | ₹70.0 cr | ₹55.0 cr | ₹46.0 cr | ₹58.0 cr | ₹73.0 cr |
| YoY | — | — | — | +12% | +13% | +5% | +6% | +6% | −7% | −30% | −22% | +4% |
| Core profit YoY | — | — | — | +20% | +14% | +7% | +9% | +4% | −6% | −34% | −15% | −7% |
| EPS | ₹4.91 | ₹5.89 | ₹6.61 | ₹6.20 | ₹5.53 | ₹6.18 | ₹6.97 | ₹6.59 | ₹5.22 | ₹4.32 | ₹5.48 | ₹6.90 |
| Flags | · | · | · | ✓ | 1 | 1 | ✓ | ✓ | ✓ | 1 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Clean Science and Technology Ltd. reported revenue of ₹224 cr (+19.1% on the year) and net profit of ₹66.0 cr (+11.9% on the year) for April to June 2024.
Profit before other income, exceptional items and tax moved +19.7% on the year, against +11.9% for reported profit.
None of the 6 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.