Clariant Chemicals records 69% profits
Clariant Chemicals, a focused, sustainable and innovative specialty chemical company has announced its full year financial results for the year ended March 31, 2021. The company reported profit before exceptional item and tax of Rs 58.07-crore for the year ended 31 March 2021, as compared to Rs 34.29-crore in the similar previous year period – witnessing a significant growth of 69%, for its continuing business. Sales, in this period declined by 3.5% at Rs 730.77-crore as against Rs 757.28-crore in the similar previous year period, impacted by the Covid nationwide lockdown in the initial months.
22 May 2021 | By Abhishek Muralidharan
The profit before exceptional item and tax increased to Rs 22.74-crore for the quarter ended year ended March 31, 2021, as compared to profit of Rs 10.67-crore for the similar previous year period. The sales rose by 29%, at Rs 218.84-crore, for the year ended 31 March 2021 as against Rs 169.48-crore for the corresponding quarter in the previous year, for our continuing business.
Adnan Ahmad, vice-chairman and managing director, Clariant Chemicals, said, “Clariant in India continued to demonstrate its resilience, despite the pandemic. The gloom over Covid was lifting as consumption across different sectors were bouncing back until the second wave was upon us. At Clariant in India, we saw encouraging growth in the past three quarters, reflecting an impressive margin delivery. The board is pleased to announce a final dividend of Rs 15-per share (150%), as we continue to commend our shareholders for their trust in us. Our continued focus on excellence in execution helps us deliver on our top priorities of safety, sustainability and innovative offerings to all of our stakeholders.”