CLEAN · Chemicals
Clean Science and Technology Ltd. reported revenue of ₹181 cr for July to September 2023, — on the year and −3.7% on the quarter.
Operating profit (EBITDA) was ₹75.0 cr, a margin of 41.4%, — on the year and +101 bps on the quarter.
Net profit was ₹52.0 cr, — on the year and −11.9% on the quarter, with earnings per share of ₹4.91.
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.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, 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: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, 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).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹181 cr (— on the year) and net profit of ₹52.0 cr (— on the year) for July to September 2023.
None of the 2 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.