Atul Ltd., a leading chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021.
Q3 Results- QoQ
The company’s net profit grew 6% to Rs 1.55 billion for the period ended December 31, 2021 as against net profit of Rs 1.46 billion for the previous quarter.
Net sales grew 8.8% to Rs 13.83 billion during the period ended December 31, 2021 as compared to Rs 12.71 billion during the previous quarter.
Q3 Results- YoY
The company’s net profit dropped 17.6% to Rs 1.55 billion for the period ended December 31, 2021 as against net profit of Rs 1.88 billion during the prior-year quarter.
Net sales increased 40% to Rs 13.83 billion during the period ended December 31, 2021 as compared to Rs 9.9 billion during the prior-year quarter.
Atul’s total expenses were at Rs 11.76 billion, up 57.77% for the period ended December 31, 2021, as against Rs 7.45 billion during the prior-year quarter.
Its revenue from the ‘life sciences chemicals’ segment was at Rs 3.97 billion and Rs 10.26 billion from ‘performance and other chemicals’ for the period ended December 31, 2021.
Atul Ltd is engaged in the business of manufacture and selling aromatics, colors, bulk chemicals and intermediates, agrochemical and pharmaceutical ingredients and polymers.