Bodal Chemicals Ltd., a dyes & chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 27% to Rs 29.85 crores ($4 million) for the period ended June 30, 2021 as against net profit of Rs 23.57 crores ($3.2 million) for the previous quarter.
Net sales decreased 1% to Rs 428.18 crores ($57.7 million) during the period ended June 30, 2021 as compared to Rs 432.6 crores ($58.3 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 251.4% to Rs 29.85 crores ($4 million) for the period ended June 30, 2021 as against net loss of Rs 19.71 crores ($2.7 million) for the prior-year quarter.
Net sales increased 250.1% to Rs 428.18 crores ($57.7 million) during the period ended June 30, 2021 as compared to Rs 122.29 crores ($16.5 million) during the prior-year quarter.
“The COVID pandemic is unprecedented and has affected the operations as well as results of the Company. The manufacturing facility of the Company which was shut down in the last week of March 2020 due to countrywide lockdown, resumed operations in a phased manner from the 11th May, 2020,” the company said in its stock exchange filings.
Bodal Chemicals Ltd is engaged in the business of manufacture and selling of dyes, dye Intermediates and basic chemicals.