PI Industries Ltd Reports 46% Net Profit Growth YoY for Q2 FY23

PI Industries Limited., a Indian agrochemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 27.6% to Rs 3.34 billion for the period ended Sept 30, 2022 as against net profit of Rs 2.62 billion for the previous quarter. Net sales decreased 14.7% to … Read more

Vinyl Chemicals (India) Ltd Reports Rs 100.5 Mn Net Profit for Q2 FY23

Vinyl Chemicals (India) Limited., a vinyl acetate manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 7.9% to Rs 100.5 million for the period ended Sept 30, 2022 as against net profit of Rs 109.2 million for the previous quarter. Net sales increased 4.28% … Read more

Vinati Organics Ltd Reports 42.7% Net Profit Growth YoY for Q2 FY23

Vinati Organics Limited., a Indian organic chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 14.6% to Rs 1.16 billion for the period ended Sept 30, 2022 as against net profit of Rs 1.01 billion for the previous quarter. Net sales increased 11.8% … Read more

Coromandel International Ltd Reports 42.6% Net Profit Growth YoY for Q2 FY23

Coromandel International Limited., a Indian fertilizers manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 48.4% to Rs 7.41 billion for the period ended Sept 30, 2022 as against net profit of Rs 4.99 billion for the previous quarter. Net sales increased 75.4% to … Read more

Chemplast Sanmar Ltd Reports 74.5% Decline in YoY Net Profit for Q2 FY23

Chemplast Sanmar Limited., an Indian chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit dropped 5.1% to Rs 385.4 million for the period ended Sept 30, 2022 as against net profit of Rs 405.9 million for the previous quarter. Net sales decreased 15.1% to … Read more

UPL Ltd Reports 28.4% Net Profit Growth YoY for Q2 FY23

UPL Limited., an Indian multinational agrochemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 7.2% to Rs 8.14 billion for the period ended Sept 30, 2022 as against net profit of Rs 8.77 billion for the previous quarter. Net sales increased 15.5% to … Read more

SRF Ltd Reports 25.8% Growth in YoY Net Profit for Q2 FY23

SRF Limited., a Indian chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 20.9% to Rs 4.81 billion for the period ended Sept 30, 2022 as against net profit of Rs 6.08 billion for the previous quarter. Net sales dropped 3.7% to Rs … Read more

Reliance’s O2C Business Reports 5.9% Decline in YoY EBIDTA for Q2 FY23

Reliance Industries Ltd announced its O2C Business segment results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The segment’s EBIDTA dropped 39.8% to Rs 119.68 billion for the period ended Sept 30, 2022 as against EBIDTA of Rs 198.88 billion for the previous quarter due to weak margins. Net sales decreased 1.26% … Read more

Balaji Amines Ltd Reports 16.1% Net Profit Growth YoY for Q2 FY23

Balaji Amines Limited., a Indian organic chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 24.7% to Rs 925.6 million for the period ended Sept 30, 2022 as against net profit of Rs 1.23 billion for the previous quarter. Net sales decreased 6.6% … Read more

Anupam Rasayan India Ltd Reports 15.3% Growth in YoY Net Profit for Q2 FY23

Anupam Rasayan India Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 4.7% to Rs 415.69 million for the period ended Sept 30, 2022 as against net profit of Rs 396.87 million for the previous quarter. Net sales increased … Read more

Tata Chemicals Ltd Reports 185.2% Net Profit Growth YoY in Q2 FY23

Tata Chemicals Limited., an Indian chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 6.6% to Rs 6.28 billion for the period ended Sept 30, 2022 as against net profit of Rs 5.89 billion for the previous quarter. Net sales increased 6.4% to … Read more

Rallis India Ltd Reports 25.9% Net Profit Growth YoY in Q2 FY23

Rallis India Limited., an Indian agrochemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 5.3% to Rs 710.5 million for the period ended Sept 30, 2022 as against net profit of Rs 674.7 million for the previous quarter. Net sales increased 9.9% to … Read more

Sumitomo Chemical India Ltd Reports 30.06% Net Profit Growth YoY in Q2 FY23

Sumitomo Chemical India Limited., an Indian subsidiary of agrochemicals manufacturer Sumitomo Chemical announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit grew 45.8% to Rs 2.01 billion for the period ended Sept 30, 2022 as against net profit of Rs 1.38 billion for the previous quarter. … Read more

India’s Dorf Ketal to Acquire Clariant’s North American Land Oil Business

Clariant and Dorf Ketal announced a definitive agreement for Dorf Ketal to acquire Clariant’s North American (NORAM) Land Oil business, a provider of chemical technologies and services to the North American oil and gas industry. The transaction announced today is subject to regulatory and other customary closing conditions and is expected to be finalized during … Read more

Japan’s Air Water to build Liquefied Gase Plant in Southern India

Air Water announced that Air Water India Private Ltd, its wholly owned subsidiary, has decided to construct a new plant to produce liquefied gases, namely, liquefied oxygen, liquefied nitrogen and liquefied argon, in Chennai, Tamil Nadu. Construction will start in October, 2023 and operation is scheduled to take place in October 2024. The Company anticipates … Read more

LyondellBasell, Shakti Plastic to build Advance Mechanical Recycling Unit in India

LyondellBasell and Shakti Plastic Industries, India’s largest plastic scrap recycler and waste collection company, have signed a Memorandum of Understanding (MoU) to form a joint venture to build and operate a fully-automated, mechanical recycling plant in India. The plant is intended to process rigid packaging post-consumer waste and produce 50,000 tonnes of recycled polyethylene (PE) … Read more

Navin Fluorine International Ltd Reports 8.6% Drop in YoY Net Profit for Q2 FY23

Navin Fluorine International Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 22.3% to Rs 578.1 million for the period ended Sept 30, 2022 as against net profit of Rs 744.5 million for the previous quarter. Net sales grew … Read more

India’s GAIL wins Bid to Acquire JBF Petrochemicals

GAIL (India) Ltd said it has won the bid to acquire the stressed asset of debt-ridden JBF Petrochemicals Ltd through its resolution process under India’s Insolvency and Bankruptcy Code (IBC). “The Resolution Professional in the matter of CIRP has informed that GAIL (India) Limited has been declared a Successful Resolution Applicant and GAIL’s Resolution Plan … Read more

India’s Anupam Rasayan gets Supply Contracts from European Agrochemicals firm

Anupam Rasayan India announced the signing of two contracts with one of the leading European agrochemicals companies for supplying two new life science related specialty chemicals. According to the contract, the company will provide these products for the next three years. These specialty chemicals will be produced at its current production facilities. “We are pleased … Read more