Himadri Speciality Chemical Limited, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021.
Q4 Results
The company’s net profit declined 68% to Rs 22.84 ($3.1 million) for the period ended March 31, 2021 as against a net loss of Rs 70.81 crores ($9.5 million) for the period ended March 31, 2020.
Net sales grew by 54.2% to Rs 568.48 crores ($76.5 million) during the period ended March 31, 2021 as compared to Rs 368.76 crores ($49.6 million) during the period ended March 31, 2020.
Full-Year Results
For the full-year period ended March 31, 2021, the company’s net profit declined by 77% to Rs 47.48 crores ($6.4 million) as against Rs 205.47 crores ($27.7 million) for the full-year period ended March 31, 2020.
The company’s net sales dropped 6.6% to Rs 1693.51 crores ($228 million) during the full-year period ended March 31, 2021 as compared to Rs 1813.79 crores ($244.2 million) during the full-year period end-ed March 31, 2020.