Hikal Ltd., a 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 0.8% to Rs 50.54 crores ($6.8 million) for the period ended June 30, 2021 as against net profit of Rs 50.92 crores ($6.9 million) for the previous quarter.
Net sales dropped 14.1% to Rs 459.96 crores ($62 million) during the period ended June 30, 2021 as compared to Rs 535.33 crores ($72.1 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 237% to Rs 50.54 crores ($6.8 million) for the period ended June 30, 2021 as against net profit of Rs 15 crores ($2 million) for the prior-year quarter.
Net sales increased 30.2% to Rs 459.96 crores ($62 million) during the period ended June 30, 2021 as compared to Rs 353.41 crores ($47.6 million) during the prior-year quarter.
Hikal Ltd is engaged in the business of manufacture and selling of APIs and intermediates, crop protection and specialty chemicals.