Anupam Rasayan India Ltd, 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 grew 113.3% to Rs 22.14 ($3 million) for the period ended March 31, 2021 as against a net loss of Rs 10.38 crores ($1.4 million) for the period ended March 31, 2020.
Net sales grew by 66% to Rs 274.16 crores ($37.5 million) during the period ended March 31, 2021 as compared to Rs 165.26 crores ($22.6 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 increased by 32.1% to Rs 70.29 crores ($9.6 million) as against Rs 53.2 crores ($7.3 million) for the full-year period ended March 31, 2020.
The company’s net sales grew 55% to Rs 837.32 crores ($114.5 million) during the full-year period ended March 31, 2021 as compared to Rs 539.75 crores ($73.8 million) during the full-year period end-ed March 31, 2020.
The company is primarily engaged in manufacturing and trading of life science related specialty chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals; and specialty chemicals used in diverse end-user segments, comprising specialty pigments, specialty dyes and polymer additives.
Anand Desai, Managing Director of Anupam Rasayan, commented, “We built on the momentum that we had in FY 20 across all our markets and product segments in FY 21. This fiscal was a unique one in the history of the Company as we went public with strong support from our esteemed shareholders. This apart, our focus on working with marquee clients continued with our association with Adama and we ended the year with 64 clients.
The overall visibility across markets and products translated to a 55% increase in revenue while our EBITDA also increase by almost 51% to close at Rs 220.2 crores ($30.1 million). The outlook for the Company looks strong and we are confident on building on this growth trajectory as we move forward.”