India’s Indo Amines Reports 21.4% Decline in Net Profit for Q4 FY22

Indo Amines 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 21.4% to Rs 96.84 million for the period ended March 31, 2022 as against Rs 123.14 million for the period ended March 31, 2021.

Net sales increased by 47.6% to Rs 2.15 billion during the period ended March 31, 2022 as compared to Rs 1.45 billion during the period ended March 31, 2021.

Full-Year Results

The company’s net profit dropped by 3.5% to Rs 207.5 million for the full-year period ended March 31, 2022 as against Rs 215.12 million for the full-year period ended March 31, 2021.

The company has reported net sales of Rs 5.81 billion during the full-year period ended March 31, 2022, an increase of 49.2% as compared to Rs 3.89 billion during the full-year period ended March 31, 2021.

The company has reported EPS of Rs 5.81 for the full-year period ended March 31, 2022 as compared to Rs 5.95 for the full-year period ended March 31, 2021.

Indo Amines Ltd is mainly engaged in the business of manufacture and selling of organic amines, polyamines and amides.