Poddar Pigments Ltd., a additive masterbatches manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 8.1% to Rs 43.37 million for the period ended September 30, 2021 as against net profit of Rs 47.18 million for the previous quarter.
Net sales increased 24.6% to Rs 769.31 million during the period ended September 30, 2021 as compared to Rs 617.12 million during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 17.8% to Rs 43.37 million for the period ended September 30, 2021 as against net profit of Rs 36.81 million for the prior-year quarter.
Net sales increased 25.6% to Rs 769.31 million during the period ended September 30, 2021 as compared to Rs 612.47 million during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 70.9% to Rs 90.56 million for the 6 months period ended September 30, 2021 as against net profit of Rs 52.97 million for the prior-year 6 months period.
Net sales increased 40.1% to Rs 1.38 billion during the 6 months period ended September 30, 2021 as compared to Rs 0.98 billion during the prior-year 6 months period.
Poddar Pigments Ltd is engaged in the business of manufacture and selling fibre-grade masterbatches for spin-colouration of filament yarns/fibres of polypropylene polyester and nylon.