Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 3.1% to Rs 3.18 crores ($0.42 million) for the period ended September 30, 2021 as against net profit of Rs 3.09 crores ($0.41 million) for the previous quarter.
Net sales decreased 15.7% to Rs 18.64 crores ($2.5 million) during the period ended September 30, 2021 as compared to Rs 22.12 crores ($3 million) during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 6.3% to Rs 3.18 crores ($0.42 million) for the period ended September 30, 2021 as against net profit of Rs 2.99 crores ($0.4 million) for the prior-year quarter.
Net sales increased 5.4% to Rs 18.64 crores ($2.5 million) during the period ended September 30, 2021 as com-pared to Rs 17.68 crores ($2.4 million) during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 33.6% to Rs 6.27 crores ($0.84 million) for the 6 months period ended September 30, 2021 as against net profit of Rs 4.69 crores ($0.63 million) for the prior-year 6 months period.
Net sales increased 31.1% to Rs 40.76 crores ($5.4 million) during the 6 months period ended September 30, 2021 as compared to Rs 31.08 crores ($4.1 million) during the prior-year 6 months period.
Ishan Dyes and Chemicals Ltd is engaged in the business of manufacture and selling of dyes such as copper phthalocyanine crude Blue (CPC Blue) and pigment blues.