Clariant Chemicals India Ltd Delivers Strong Revenue Growth in FY22

Clariant Chemicals (India) Limited, one of India's leading producers of pigments and pigment dispersions, reported a sales growth of 15%, at Rs.8395 Mio, for 2021-22, as against Rs.7308 Mio for the corresponding previous year.

The Company reported profit after tax of Rs.433 Mio for the year ended March 2022, compared to profit after tax of Rs.340 Mio (excluding exceptional items) for the year ended March 31, 2021 - a growth of 27%.

On a quarter-on-quarter basis, the sales were down by 5% at Rs. 2101 Mio for Q4 FY22 compared to Q3 FY22, profit before tax was Rs. 125 Mio - a growth of 9% from Q3 FY22.

Bharath Sesha, Managing Director, Clariant Chemicals (India) Limited, said, " We delivered an improved performance amidst some challenging market conditions. With our team's continued commitment toward robust execution and deep customer centricity, I am confident that we will build on this solid foundation. Our strategy revolves around bringing peace of mind to our customers by being reliable, innovative, and focused on solutions. I believe we are well-positioned to continue to be a leading player in this evolving industry landscape."

Shares of Clariant Chemicals (India) Limited was last trading in BSE at Rs. 462.30 as compared to the previous close of Rs. 464.25. The total number of shares traded during the day was 569 in over 74 trades.

The stock hit an intraday high of Rs. 470.30 and intraday low of 461.50. The net turnover during the day was Rs. 264734.00.

Source : Equity Bulls

Keywords

ClariantChemicalsIndia INE492A01029 Q4FY22 FY2022 FinancialResults