Indo Amines Limited., a manufacturer of organic amine-based fine chemicals, specialty and performance chemicals announced its results for the second quarter ended September 30, 2020.
Q2 Results- QoQ
The company’s net profit increased 165% to Rs 6.65 crores for the period ended September 30, 2020 as against net profit of Rs 2.51 crores for the previous quarter.
Net sales grew 30.2% to Rs 138.14 crores during the period ended September 30, 2020 as compared to Rs 106.11 crores during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 69.2% to Rs 6.65 crores for the period ended September 30, 2020 as against net profit of Rs 3.93 crores for the prior-year quarter.
Net sales increased 21% to Rs 138.14 crores during the period ended September 30, 2020 as compared to Rs 114.24 crores during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit marginally increased 4.5% to Rs 9.16 crores for the 6 months period ended September 30, 2020 as against net profit of Rs 8.77 crores for the prior-year 6 months period.
Net sales dropped 0.8% to Rs 244.26 crores during the 6 months period ended September 30, 2020 as compared to Rs 246.28 crores during the prior-year 6 months period.