Shivalik Rasayan Ltd, a fine chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021.
Q4 Results
The company’s net profit grew 71.1% to Rs 6.57 ($0.89 million) for the period ended March 31, 2021 as against a net loss of Rs 3.84 crores ($0.52 million) for the period ended March 31, 2020.
Net sales grew by 13% to Rs 43.87 crores ($5.9 million) during the period ended March 31, 2021 as compared to Rs 38.87 crores ($5.2 million) during the period ended March 31, 2020.
Full-Year Results
For the full-year period ended March 31, 2021, the company’s net profit increased by 27% to Rs 17.74 crores ($2.4 million) as against Rs 14 crores ($1.9 million) for the full-year period ended March 31, 2020.
The company’s net sales grew 5% to Rs 198.71 crores ($26.8 million) during the full-year period ended March 31, 2021 as compared to Rs 189.41 crores ($25.5 million) during the full-year period end-ed March 31, 2020.
The company is primarily engaged in manufacturing and trading of organophosphorus Insecticides, pesticides chemicals and pharma ingredients.