India’s Atul Reports 22.2% Decline in FY22 Q4 Net Profit
Atul Ltd., an Indian chemicals manufacturer has reported financial results for the period ended March 31, 2022.
Q4 Results
The company’s net profit dropped by 22.2% to Rs 1.36 billion for the period ended March 31, 2022 as against Rs 1.75 billion for the period ended March 31, 2021.
Net sales increased by 22.8% to Rs 13.92 billion during the period ended March 31, 2022 as compared to Rs 11.34 billion during the period ended March 31, 2021.
Full-Year Results
The company’s net profit declined by 7.8% to Rs 6.04 billion for the full-year period ended March 31, 2022 as against Rs 6.55 billion for the full-year period ended March 31, 2021.
The company has reported net sales of Rs 51.56 billion during the full-year period ended March 31, 2022, an increase of 34.5% as compared to Rs 38.34 billion during the full-year period ended March 31, 2021.
The company has reported EPS of Rs 204.23 for the full-year period ended March 31, 2022 as compared to Rs 221.17 for the full-year period ended March 31, 2021.
Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.