Atul Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 11.6% to Rs 1.46 billion for the period ended September 30, 2021 as against net profit of Rs 1.66 billion for the previous quarter.
Net sales increased 14.5% to Rs 12.71 billion during the period ended September 30, 2021 as compared to Rs 11.09 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit dropped 15.9% to Rs 1.46 billion for the period ended September 30, 2021 as against net profit of Rs 1.74 billion for the prior-year quarter.
Net sales increased 26% to Rs 12.71 billion during the period ended September 30, 2021 as compared to Rs 10.08 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit increased 7% to Rs 3.12 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 2.92 billion for the prior-year 6 months period.
Net sales increased 39.3% to Rs 23.8 billion during the 6 months period ended September 30, 2021 as compared to Rs 17.09 billion during the prior-year 6 months period.
Atul Ltd is engaged in the business of manufacture and selling aromatics, bulk chemicals, colorants, crop protection active ingredients, growth promoting chemicals, APIs and epoxy resins.