INEOS Styrolution India Ltd., an Indian subsidiary of styrenics supplier INEOS Styrolution announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 4.6% to Rs 900.26 million for the period ended September 30, 2021 as against net profit of Rs 860.31 million for the previous quarter.
Net sales increased 29.7% to Rs 5.95 billion during the period ended September 30, 2021 as compared to Rs 4.59 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 151.2% to Rs 900.26 million for the period ended September 30, 2021 as against net profit of Rs 358.41 million for the prior-year quarter.
Net sales increased 49.2% to Rs 5.95 billion during the period ended September 30, 2021 as compared to Rs 3.99 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 1013.2% to Rs 1.76 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 158.16 million for the prior-year 6 months period.
Net sales increased 104.4% to Rs 10.54 billion during the 6 months period ended September 30, 2021 as compared to Rs 5.16 billion during the prior-year 6 months period.
INEOS Styrolution India Ltd is engaged in the business of manufacture and selling styrene monomer, polystyrene, ABS standard and styrenic specialties.