ATUL 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 5.2% to Rs 165.94 crores ($22.3 million) for the period ended June 30, 2021 as against net profit of Rs 175.05 crores ($23.5 million) for the previous quarter.
Net sales decreased 2.2% to Rs 1109.82 crores ($149.1 million) during the period ended June 30, 2021 as compared to Rs 1134.56 crores ($152.4 million) during the previous quarter.
Net profit for the quarter in QoQ basis was lower by -5.2% due to the second COVID wave impact in India.
Q1 Results- YoY
The company’s net profit grew 41% to Rs 165.94 crores ($22.3 million) for the period ended June 30, 2021 as against net profit of Rs 117.78 crores ($15.8 million) for the prior-year quarter.
Net sales increased 58.3% to Rs 1109.82 crores ($149.1 million) during the period ended June 30, 2021 as compared to Rs 701.2 crores ($94.2 million) during the prior-year quarter.
ATUL is engaged in the business of manufacture and selling of specialty aromatics, colorants, bulk chemicals, intermediates, pharmaceuticals, polymers and polymer additives.