Thirumalai Chemicals Ltd., a petrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit declined 23.1% to Rs 65.11 crores ($8.7 million) for the period ended June 30, 2021 as against net profit of Rs 84.67 crores ($11.4 million) for the previous quarter.
Net sales grew 3% to Rs 399.41 crores ($53.5 million) during the period ended June 30, 2021 as compared to Rs 388.42 crores ($52.1 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew to Rs 65.11 crores ($8.7 million) for the period ended June 30, 2021 as against net loss of Rs 20.1 crores ($2.7 million) for the prior-year quarter.
Net sales increased 241% to Rs 399.41 crores ($53.5 million) during the period ended June 30, 2021 as compared to Rs 117.21 crores ($15.7 million) during the prior-year quarter.
During the quarter ended 30th June 2021, the Thirumalai Chemicals has completed the green field project at Dahej, Gujarat and the same has been commissioned during the quarter. The company has started its dispatches from that location.