India’s Chemplast Sanmar Reports 36.4% Net Profit Decline for Q4 FY22

Chemplast Sanmar Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022.

Q4 Results

The company’s net profit declined by 36.4% to Rs 2.31 billion for the period ended March 31, 2022 as against Rs 3.64 billion for the period ended March 31, 2021.

Net sales increased by 34.4% to Rs 18.15 billion during the period ended March 31, 2022 as compared to Rs 13.50 billion during the period ended March 31, 2021.

Full-Year Results

The company’s net profit increased by 58.2% to Rs 6.48 billion for the full-year period ended March 31, 2022 as against Rs 4.10 billion for the full-year period ended March 31, 2021.

The company has reported net sales of Rs 59.49 billion during the full-year period ended March 31, 2022, an increase of 55.9% as compared to Rs 38.15 billion during the full-year period ended March 31, 2021.

The company has reported EPS of Rs 43.66 for the full-year period ended March 31, 2022 as compared to Rs 30.58 for the full-year period ended March 31, 2021.

Chemplast Sanmar Ltd is mainly engaged in the business of manufacture and selling of PVC resins, Caustic Soda, Chlorochemicals, Refrigerant gas and Industrial Salt.