Clariant Chemicals (India) Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 30.5% to Rs 14.31 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 10.97 crores ($1.5 million) for the previous quarter.
Net sales declined 2% to Rs 219.45 crores ($29.5 million) during the period ended June 30, 2021 as compared to Rs 223.45 crores ($30.1 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 279% to Rs 14.31 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 3.78 crores ($0.51 million) for the prior-year quarter.
Net sales increased 66% to Rs 219.45 crores ($29.5 million) during the period ended June 30, 2021 as compared to Rs 132.54 crores ($17.8 million) during the prior-year quarter.
Clariant Chemicals (India) Ltd is engaged in the business of manufacture and selling of Pigments, Textile Chemicals & Leather Chemical.