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% to Rs 3.24 billion during the period ended Sept 30, 2022 as compared to Rs 3.11 billion during the previous quarter.
Q2 Results- YoY
The company reported 190.5% growth in net profit to Rs 100.5 million for the period ended Sept 30, 2022 as against net profit of Rs 34.6 million for the prior-year quarter.
Net sales increased 23.6% to Rs 3.24 billion during the period ended Sept 30, 2022 as compared to Rs 2.62 billion during the prior-year quarter.
H1 Results- YoY
The company reported 115.5% growth in net profit to Rs 209.7 million for the period ended Sept 30, 2022 as against net profit of Rs 97.4 million for the prior-year 1st half period.
Net sales increased 54.3% to Rs 6.34 billion during the period ended Sept 30, 2022 as compared to Rs 4.11 billion during the the 6 months period last year.
Vinyl Chemicals (India) Limited is a chemical company engaged in the manufacture and sale of VAM (vinyl acetate monomer).