Indo Amines 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 dropped 55.6% to Rs 7.12 crores ($0.96 million) for the period ended June 30, 2021 as against net profit of Rs 16.03 crores ($2.2 million) for the previous quarter.
Net sales grew 14.1% to Rs 181.09 crores ($24.3 million) during the period ended June 30, 2021 as compared to Rs 158.77 crores ($21.3 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 150% to Rs 7.12 crores ($0.96 million) for the period ended June 30, 2021 as against net profit of Rs 2.85 crores ($0.38 million) for the prior-year quarter.
Net sales increased 71% to Rs 181.09 crores ($24.3 million) during the period ended June 30, 2021 as compared to Rs 106.11 crores ($14.3 million) during the prior-year quarter.
Indo Amines is engaged in the business of manufacture and selling of fine chemicals, specialty chemicals, performance chemicals and active pharmaceutical ingredients.