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    CLN   CH0012142631

CLARIANT AG

(CLN)
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Clariant : Chemicals' reported Sales of Rs. 212.8 Crore and Profit…

08/12/2021 | 08:02am EDT

Mumbai, August 12, 2021: Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company today 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.'

Disclaimer

Clariant AG published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 12:01:10 UTC.


© Publicnow 2021
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Financials
Sales 2021 4 154 M 4 529 M 4 529 M
Net income 2021 258 M 281 M 281 M
Net Debt 2021 847 M 924 M 924 M
P/E ratio 2021 22,1x
Yield 2021 2,93%
Capitalization 5 889 M 6 424 M 6 420 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,51x
Nbr of Employees 13 057
Free-Float 63,6%
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 17,87 CHF
Average target price 19,70 CHF
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Conrad Keijzer Chief Executive Officer
Stephan Lynen Chief Financial Officer & Executive Vice President
Günter von Au Chairman
Hans Bohnen Chief Operating Officer & Executive Vice President
Eveline Saupper Lead Independent Director
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