Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit declined 11.2% to Rs 3.09 crores ($0.42 million) for the period ended June 30, 2021 as against net profit of Rs 3.48 crores ($0.47 million) for the previous quarter.
Net sales decreased 21.4% to Rs 22.11 crores ($3 million) during the period ended June 30, 2021 as compared to Rs 28.13 crores ($3.8 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 83% to Rs 3.09 crores ($0.42 million) for the period ended June 30, 2021 as against net profit of Rs 1.69 crores ($0.23 million) for the prior-year quarter.
Net sales increased 65% to Rs 22.11 crores ($3 million) during the period ended June 30, 2021 as compared to Rs 13.4 crores ($1.8 million) during the prior-year quarter.
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.