S H Kelkar First Quarter FY20-21 Business Update

S H Kelkar and Company Ltd., a Fragrance and Flavours maker, shared the business update for Q1 FY21 with the exchanges on Monday. As per the directives of the Central Government in response to the outbreak of the Covid-19 pandemic, SHK’s manufacturing units were temporarily shut in the month of April 2020. Operations at all … Read more S H Kelkar First Quarter FY20-21 Business Update

Kiri Industries Registers 129% Rise in Net Profit Growth for FY19-20

Kiri Industries Ltd., a dye & dyestuff manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit increased 532% to Rs 111.91 crores ($14.9 million) for the period ended March 31, 2020 as against net loss of Rs 25.90 crores ($3.5 million) … Read more Kiri Industries Registers 129% Rise in Net Profit Growth for FY19-20

Sasol, Enaex Conclude Explosives JV in South Africa

Sasol and Enaex S.A., a subsidiary of the Sigdo Koppers Group, have announced the start of operations of new explosives JV in Southern Africa. The new explosives joint venture Enaex Africa started operations on 1 July 2020. In line with the company’s growth strategy review of 2017, Sasol’s explosives business was identified as having substantial … Read more Sasol, Enaex Conclude Explosives JV in South Africa

Sudarshan Chemical Reports 7% Increase in Net Profit for FY19-20

Sudarshan Chemical Industries Ltd., a pigments manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted a net profit of Rs 27.30 crores ($3.6 million), a 3.8% increase as against Rs 25.81 crores ($3.4 million) during the prior-year quarter. Net … Read more Sudarshan Chemical Reports 7% Increase in Net Profit for FY19-20

Vinati Organics Net Profit Declines 9.6% in Q4 FY19-20

Vinati Organics Ltd., an Indian specialty chemicals manufacturer has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted a net profit of Rs 74.62 crores ($9.9 million), a 9.6% decline as against Rs 82.52 crores ($10.9 million) during the prior-year quarter. Net sales declined … Read more Vinati Organics Net Profit Declines 9.6% in Q4 FY19-20

Navin Fluorine International Net Profit Rises 705.5% in Q4 FY19-20

Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose by 705.5% to Rs 270.08 crores ($35.5 million) for the period ended March 31, 2020 as against Rs 33.53 crores ($4.4 million) for the period ended … Read more Navin Fluorine International Net Profit Rises 705.5% in Q4 FY19-20

Pidilite Industries Q4 Net Profit Drops on COVID-19 Impact

Pidilite Industries Ltd., an adhesives and sealants manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 33.01% to Rs 157.53 crores ($20.7 million) for the period ended March 31, 2020 as against Rs 235.14 crores ($30.9 million) for the period … Read more Pidilite Industries Q4 Net Profit Drops on COVID-19 Impact

Clariant Chemicals India Reports 173% Increase in FY19-20 Net Profit

Clariant Chemicals India Ltd., an Indian subsidiary of Clariant AG has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose by 93.33% to Rs 15.37 crores ($2 million) for the period ended March 31, 2020 as against Rs 7.95 crores ($1 million) for the period ended March … Read more Clariant Chemicals India Reports 173% Increase in FY19-20 Net Profit

Meghmani Organics FY19-20 Q4 Net Profit Declines 22.79%

Meghmani Organics Ltd., an Indian pigment and pesticides manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 22.79% to Rs 51.32 crores ($6.7 million) for the period ended March 31, 2020 as against Rs 66.47 ($8.7 million) crores for the period ended March 31, … Read more Meghmani Organics FY19-20 Q4 Net Profit Declines 22.79%

LG Chem in $1.1 billion Deal with Chinese Firm to Sell LCD Polarizer Business

LG Chem announced on June 10 that it has recently signed a conditional contract with China’s chemical materials company Shanshan to transfer its LCD polarizer business for US$1.1 billion. LG Chem said that some product groups such as LCD polarizers for automobiles will be excluded from this sale as they are still lucrative. “We are … Read more LG Chem in $1.1 billion Deal with Chinese Firm to Sell LCD Polarizer Business

Ishan Dyes FY19-20 Net Profit Up by 90%

Ishan Dyes & Chemicals Ltd, an Indian dye & dyestuff manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit increased 345.54% to Rs 2.75 crores ($0.36 million) for the period ended March 31, 2020 as against Rs (1.12) crores (-$0.15 million) for the period ended March … Read more Ishan Dyes FY19-20 Net Profit Up by 90%

SRF Limited Reports Drop in Q4 Revenue, Rise in FY20 Profit

SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Financials The consolidated revenue of the Company decreased 4% to Rs. 1,858 crore ($245.9 million) in Q4FY20 as against Rs. 1,937 crore ($256.3 million) in the prior year quarter. … Read more SRF Limited Reports Drop in Q4 Revenue, Rise in FY20 Profit

Aarti Industries Reports Decline in Q4 Profit

Aarti Industries, an Indian pharmaceutical ingredients and chemicals manufacturer, announced its results for the quarter and financial year ended 31 March 2020. The company’s consolidated net profit declined 11.9% to Rs 110.35 crore ($14.7 million) in the quarter ended March 2020 as against Rs 125.25 crore ($16.6 million) during the prior year quarter. Sales declined … Read more Aarti Industries Reports Decline in Q4 Profit

India’s Godrej Industries Reports Fall in Sales Growth for Chemicals in FY2019-20

Godrej Industries announced its results for the quarter and financial year ended 31 March 2020. Chemicals & Crop protection Segments Q4 Results: GIL’s net profit from the chemicals segment saw a decline by 1% to Rs 37.93 crore ($5.0 million) in the fourth quarter as against Rs 38.37 crore ($5.1 million) in the prior year … Read more India’s Godrej Industries Reports Fall in Sales Growth for Chemicals in FY2019-20

Saint-Gobain Completes Sale of Sika Stake for $1.69 Billion

Saint-Gobain announced the completion of sale of its stake in Sika held by its subsidiary Schenker-Winkler Holding AG, netting it 1.54 billion euros ($1.69 billion). Saint-Gobain acquired its 10.75% stake in Sika as part of a global agreement with Sika and the Burkard family in May 2018. The Sika shares were held as an equity … Read more Saint-Gobain Completes Sale of Sika Stake for $1.69 Billion

Lotte Chemical Acquires Minority Stake in Showa Denko

Lotte Chemical has invested 161.7 billion won ($132 million) to acquire a 4.46% stake in Japanese chemical company Showa Denko, according to a Business Korea report. The move is seen as reflecting Lotte Group chairman Shin Dong-bin’s intention to take over Japanese chemical companies with strong technologies. Lotte Chemical bought Showa Denko shares in March … Read more Lotte Chemical Acquires Minority Stake in Showa Denko

Paushak Ltd Reports Q4 FY20 Results, Net Profit down 34.3%

Paushak Ltd. has announced fall in net profit for its fourth quarter and full-year ended 31 March on weak sales due to the impact of COVID-19 pandemic. The company’s standalone net profit slumped 34.3% to Rs 6.37 crore ($0.84 million) in fourth quarter 2019-20 compared to prior year quarter’s Rs 383 crore ($1.3 million). Revenue … Read more Paushak Ltd Reports Q4 FY20 Results, Net Profit down 34.3%

Tata Chemicals Reports Decline in Net Profit on Weak Sales

Tata Chemicals Ltd. has announced fall in net profit for its fourth quarter and full-year ended 31 March. The company’s consolidated net profit slumped 48% to Rs 197.56 crore ($26.1 million) in fourth quarter 2019-20 compared to prior year quarter’s Rs 383 crore ($50.6 million). Revenue from operations declined 7% to Rs 2,378.09 crore ($314.3 … Read more Tata Chemicals Reports Decline in Net Profit on Weak Sales

Clariant Supplies Sanitiser Solutions, Relief in India – COVID-19

Clariant India said it has been making sanitiser solutions from its facilities in India. Clariant’s sites across Roha (Maharashtra); Bonthapally (Telangana); Rania, Vadodara and Cuddalore (Tamil Nadu) are commited to supply the necessary products that are required for the healthcare facilities, the company said in a statement. Clariant’s site in Cuddalore has produced a total … Read more Clariant Supplies Sanitiser Solutions, Relief in India – COVID-19

Reliance Industries to Sell its Stake in Asian Paints

Reliance Industries Ltd. is considering selling its stake in India’s largest paint maker valued at about $989 million as the conglomerate steps up efforts to trim its debt, said a report by Bloomberg. RIL is in discussions with banks for a potential sale of its 4.9% stake in Asian Paints Ltd. through a series of … Read more Reliance Industries to Sell its Stake in Asian Paints