Clariant Chemicals' reported Sales of Rs. 212.8 Crore and Profit before tax of Rs. 19.6 Crore

Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company announced its first quarter financial results for the quarter ended June 30, 2021. The company reported Profit before tax of Rs. 19.6 crore, for the quarter ended June 30, 2021, as compared to Rs. 4.1 crore for the quarter ended June 30, 2020. Sales in this period increased by 65% to Rs. 212.8 crore for the quarter ended June 30, 2021, as against Rs. 129.0 crore for the quarter ended June 30, 2020.

In the January to March 2021 period, the Profit before tax stood at Rs. 22.7 crore, while the Sales in this period stood at Rs. 218.8 crore.

Adnan Ahmad, Vice Chairman & Managing Director, Clariant Chemicals (India) Limited, said, "I am pleased to see the continued demonstration of resilience by the team at Clariant, resulting in robust growth of the top and bottom line, with respect to the corresponding quarter last year. We continue to focus on our strategy of delivering value to our customers through innovative and sustainable solutions. While logistics and raw material costs have impacted our profitability in the quarter, I am cautiously optimistic of continuing our growth performance."

Shares of Clariant Chemicals (India) Limited was last trading in BSE at Rs. 600.7 as compared to the previous close of Rs. 570.6. The total number of shares traded during the day was 11816 in over 1296 trades.

The stock hit an intraday high of Rs. 610 and intraday low of 572. The net turnover during the day was Rs. 7011871.

Source : Equity Bulls

Keywords