India’s Meghmani Finechem FY20-21 Q4 Net Profit Grew 142%

Meghmani Finechem Ltd., an Indian chlor-alkali manufacturer has reported financial results for the period ended March 31, 2021.

Q4 Results

The company’s net profit grew by 142% to Rs 32.76 crores ($4.5 million) for the period ended March 31, 2021 as against Rs 13.53 crores ($1.9 million) for the period ended March 31, 2020.

Net sales increased 115% to Rs 258.52 crores ($35.4 million) during the period ended March 31, 2021 as compared to Rs 120.25 crores ($16.5 million) during the period ended March 31, 2020.

Full-Year Results

The company’s net profit fell by 9% to Rs 100.83 crores ($13.8 million) for the full-year period ended March 31, 2021 as against Rs 111.99 crores ($15.3 million) for the full-year period ended March 31, 2020.

The company has reported net sales of Rs 830.78 crores ($113.8 million) during the full-year period ended March 31, 2021, an increase of 35.6% as compared to Rs 612.81 crores ($84 million) during the full-year period ended March 31, 2020.