Thirumalai Chemicals Ltd., an Indian fine chemicals manufacturer has reported financial results for the period ended March 31, 2021.
Q4 Results
The company’s net profit grew by 3384.4% to Rs 84.67 crores ($11.7 million) for the period ended March 31, 2021 as against Rs 2.43 crores ($0.33 million) for the period ended March 31, 2020.
Net sales increased by 34% to Rs 388.42 crores ($53.5 million) during the period ended March 31, 2021 as compared to Rs 290.98 crores ($40.1 million) during the period ended March 31, 2020.
Decrease in raw material costs and improved sales margins resulted in rise in net profit for the quarter.
Full-Year Results
The company’s net profit grew by 408% to Rs 117.69 crores ($16.2 million) for the full-year period ended March 31, 2021 as against Rs 23.17 crores ($3.2 million) for the full-year period ended March 31, 2020.
The company has reported net sales of Rs 1092.61 crores ($150.4 million) during the full-year period ended March 31, 2021, a decline of 1.2% as compared to Rs 1105.75 crores ($152.2 million) during the full-year period ended March 31, 2020.