Meghmani Organics Ltd., a agrochemicals and pigments manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 4.8% to Rs 65.26 crores ($8.7 million) for the period ended September 30, 2021 as against net profit of Rs 68.57 crores ($9.1 million) for the previous quarter.
Net sales increased 7% to Rs 563.21 crores ($75.1 million) during the period ended September 30, 2021 as compared to Rs 526.46 crores ($70.2 million) during the previous quarter.
Q2 Results- YoY
The company’s net profit decreased 0.45% to Rs 65.26 crores ($8.7 million) for the period ended September 30, 2021 as against net profit of Rs 65.55 crores ($8.7 million) for the prior-year quarter.
Net sales increased 31.6% to Rs 563.21 crores ($75.1 million) during the period ended September 30, 2021 as com-pared to Rs 427.89 crores ($57.1 million) during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 42% to Rs 133.83 crores ($17.8 million) for the 6 months period ended September 30, 2021 as against net profit of Rs 94.54 crores ($12.6 million) for the prior-year 6 months period.
Net sales increased 49.5% to Rs 1089.67 crores ($145.3 million) during the 6 months period ended Septem-ber 30, 2021 as compared to Rs 728.77 crores ($97.2 million) during the prior-year 6 months period.