National Oxygen Ltd., an industrial gases manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 303.5% to Rs 4.03 crores ($0.54 million) for the period ended June 30, 2021 as against net profit of Rs 0.99 crores ($0.13 million) for the previous quarter.
Net sales increased 22.5% to Rs 14.51 crores ($2 million) during the period ended June 30, 2021 as compared to Rs 11.85 crores ($1.6 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 277% to Rs 4.03 crores ($0.54 million) for the period ended June 30, 2021 as against net loss of Rs 2.28 crores ($0.31 million) for the prior-year quarter.
Net sales increased 120% to Rs 14.51 crores ($2 million) during the period ended June 30, 2021 as compared to Rs 6.61 crores ($0.89 million) during the prior-year quarter.
National Oxygen Ltd is engaged in the business of manufacture and selling of industrial gases such as oxygen and acetylene.