Vinati Organics Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit grew 12% to Rs 80.92 crores ($10.9 million) for the period ended June 30, 2021 as against net profit of Rs 72.29 crores ($9.7 million) for the previous quarter.
Net sales increased 68.2% to Rs 403.95 crores ($54.4 million) during the period ended June 30, 2021 as compared to Rs 240.17 crores ($32.3 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 14.2% to Rs 80.92 crores ($10.9 million) for the period ended June 30, 2021 as against net profit of Rs 70.84 crores ($9.5 million) for the prior-year quarter.
Net sales increased 41.1% to Rs 403.95 crores ($54.4 million) during the period ended June 30, 2021 as compared to Rs 286.32 crores ($38.5 million) during the prior-year quarter.
Vinati Organics is engaged in the business of manufacture and selling of specialty chemical and organic intermediaries.