Himadri Speciality Chemical 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 declined 36.5% to Rs 14.51 crores ($2 million) for the period ended June 30, 2021 as against net profit of Rs 22.84 crores ($3.1 million) for the previous quarter.
Net sales declined 5% to Rs 541.08 crores ($72.9 million) during the period ended June 30, 2021 as compared to Rs 568.48 crores ($76.5 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 215.5% to Rs 14.51 crores ($2 million) for the period ended June 30, 2021 as against net loss of Rs 12.56 crores ($1.7 million) for the prior-year quarter.
Net sales increased 108% to Rs 541.08 crores ($72.9 million) during the period ended June 30, 2021 as compared to Rs 260.5 crores ($35.1 million) during the prior-year quarter.
Himadri Speciality Chemical Ltd is engaged in the business of manufacture and selling of carbon materials and chemicals. It is the top coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in the country. It is also the largest player of Naphthalene and SNF in India.