Mangalore Chemicals & Fertilizers Ltd., a chemicals and fertilizers manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 19.1% to Rs 289.76 million for the period ended September 30, 2021 as against net profit of Rs 243.27 million for the previous quarter.
Net sales increased 5.8% to Rs 7.34 billion during the period ended September 30, 2021 as compared to Rs 6.93 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit declined 28.6% to Rs 289.76 million for the period ended September 30, 2021 as against net profit of Rs 405.62 million for the prior-year quarter.
Net sales increased 5.3% to Rs 7.34 billion during the period ended September 30, 2021 as compared to Rs 6.96 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 3.4% to Rs 533.04 million for the 6 months period ended September 30, 2021 as against net profit of Rs 515.72 million for the prior-year 6 months period.
Net sales increased 15.6% to Rs 14.27 billion during the 6 months period ended September 30, 2021 as compared to Rs 12.34 billion during the prior-year 6 months period.
Mangalore Chemicals & Fertilizers Ltd is engaged in the business of manufacture and selling NPK fertilizers and basic chemicals such as ammonium bicarbonate, sulphonated naphthalene, formaldehyde and sulphuric acid.