Clariant Chemicals India Reports 173% Increase in FY19-20 Net Profit

Clariant Chemicals India Ltd., an Indian subsidiary of Clariant AG has reported financial results for the period ended March 31, 2020.

Q4 Results

The company’s net profit rose by 93.33% to Rs 15.37 crores ($2 million) for the period ended March 31, 2020 as against Rs 7.95 crores ($1 million) for the period ended March 31, 2019.

Net sales dropped by 4.64% to Rs 178.29 crores ($23.4 million) during the period ended March 31, 2020 as compared to Rs 186.97 crores ($24.5 million) during the period ended March 31, 2019.

Full-Year Results

The company’s net profit rose by 173.22% Rs 50.71 crores ($6.6 million) for the full-year period ended March 31, 2020 as against Rs 18.56 crores ($2.4 million) for the full-year period ended March 31, 2019.

The company has reported net sales of Rs 774.78 crores ($101.5 million) during the full-year period ended March 31, 2020, a rise of 6.3% as compared to Rs 728.85 crores ($95.5 million) during the full-year period ended March 31, 2019.

The company has reported EPS of Rs 21.96 ($0.29) for the full-year period ended March 31, 2020 as compared to Rs 8.05 ($0.11) for the full-year period ended March 31, 2019.