Alkyl Amines Chemicals Ltd., an aliphatic amines manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit declined 15.2% to Rs 78.54 crores ($10.6 million) for the period ended June 30, 2021 as against net profit of Rs 92.59 crores ($12.5 million) for the previous quarter.
Net sales increased 3% to Rs 394.03 crores ($53.2 million) during the period ended June 30, 2021 as compared to Rs 383.57 crores ($51.8 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 49% to Rs 78.54 crores ($10.6 million) for the period ended June 30, 2021 as against net profit of Rs 52.78 crores ($7.1 million) for the prior-year quarter.
Net sales increased 60% to Rs 394.03 crores ($53.2 million) during the period ended June 30, 2021 as compared to Rs 246.33 crores ($33.2 million) during the prior-year quarter.
“Although there are uncertainties due to the pandemic, the Company expects that the demand for its products from the pharmaceuticals sector will continue,” it said in the exchange filing.
The company said that it continues to monitor the impact of COVID 19, on its business across the globe and is in a comfortable financial position to meet its commitments and will be able to meet all its debts obligations as they come up, it added.
Alkyl Amines Chemicals is engaged in the business of manufacture and selling of amines, amine derivatives, speciality chemicals that serve the pharmaceutical, agrochemical, rubber chemicals and paints and dyes.