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.'
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.