• Highest ever quarterly Total Income of Rs. 906 Cr
• Highest ever quarterly EBITDA of Rs. 136 Cr
• Highest ever quarterly PAT of Rs. 91 Cr
Tuesday, August 2, 2022, Mumbai – Savita Oil Technologies Limited, a leading manufacturer of specialty petroleum products, announced its unaudited Financial Results for the quarter ended June 30, 2022.
| Q1FY23 | Q1FY22 | YoY | |
| Total Income | 905.5 | 640.3 | 41.4% |
| EBITDA | 136.3 | 119.2 | 14.4% |
| EBITDA Margin | 15.1% | 18.6% | |
| Profit After Tax | 90.8 | 80.9 | 12.3% |
| Profit After Tax Margin | 10.0% | 12.6% |
Key Highlights
• In an EGM held on 29-Jul-22, Shareholders have approved Sub-division of every 1 (One) Equity Share of the Nominal/Face Value of Rs.10/ – (Rupees Ten Only) each into 5 (Five) Equity Shares of the Nominal Face Value of Rs.2 /- (Rupees Two Only) each
• In Q1 FY23, EBITDA per KL/MT stood at Rs. 13,439
Commenting on the performance Mr. Gautam N. Mehra, Chairman and MD, SAVITA Oil Technologies Limited said, “I am happy to report that we have started FY23 on a very strong note as we recorded our highest ever quarterly performance. Our total income surged by 41% on YOY basis to Rs. 906 Cr, with a healthy EBIDTA margin of 15%. The growth in total income was driven by a combination of volume as well as price uptick across both Petroleum Specialty Oils as well as Lubricating Oils.
This healthy performance reflects robust demand for our quality products backed by strong R&D capabilities as well as our solid operational capabilities, a strong balance sheet with NIL borrowings and healthy liquidity position.”
