Valiant Organics Ltd., a fine chemicals 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% to Rs 255.91 million for the period ended September 30, 2021 as against net profit of Rs 266.54 million for the previous quarter.
Net sales increased 12.2% to Rs 2.74 billion during the period ended September 30, 2021 as compared to Rs 2.45 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit declined 10.8% to Rs 255.91 million for the period ended September 30, 2021 as against net profit of Rs Rs 286.75 million for the prior-year quarter.
Net sales increased 63% to Rs 2.74 billion during the period ended September 30, 2021 as com-pared to Rs 1.68 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit dropped 5.7% to Rs 522.45 million for the 6 months period ended September 30, 2021 as against net profit of Rs 553.84 million for the prior-year 6 months period.
Net sales increased 63.4% to Rs 5.19 billion during the 6 months period ended September 30, 2021 as compared to Rs 3.18 billion during the prior-year 6 months period.
Valiant Organics Ltd is engaged in the business of manufacture and selling fine chemicals used in end-use applications such as dyes, pigments, cosmetics, polymers and other specialty chemicals.