Fineotex Chemical 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 16% to Rs 9.47 crores ($1.3 million) for the period ended June 30, 2021 as against net profit of Rs 11.22 crores ($1.5 million) for the previous quarter.
Net sales decreased 15.2% to Rs 66.08 crores ($8.9 million) during the period ended June 30, 2021 as compared to Rs 77.93 crores ($10.5 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 21.6% to Rs 9.47 crores ($1.3 million) for the period ended June 30, 2021 as against net profit of Rs 7.79 crores ($1 million) for the prior-year quarter.
Net sales increased 85.2% to Rs 66.08 crores ($8.9 million) during the period ended June 30, 2021 as compared to Rs 35.69 crores ($4.8 million) during the prior-year quarter.
Fineotex Chemical is engaged in the business of manufacture and selling of textile chemicals and auxiliaries.