New Delhi, November 2014 – Clariant Chemicals (India) Ltd, a specialty chemicals producer, registered a 47 per cent rise in turnover at Rs. 248 crore for the quarter ended September 30, compared with Rs. 169 crore reported in the corresponding period last year.
The figures are on a like-to-like basis, which exclude those from the company’s divested businesses in textiles, paper, emulsions (TPE) and leather. For the nine-month period ending September 30, net sales grew 48 per cent on a like-to-like basis and generated Rs. 786 crore in revenue, against Rs. 532 crore in the same period last year.
In view of 28 per cent lower sales against the same quarter last year and higher raw material prices, the company’s net profit after tax stood at Rs. 1 crore against Rs. 124 crore a year ago, which included profit from the sale of the TPE business to Archroma India Pvt Ltd last September, a company release said. The reported net profit after tax for the period amounted to Rs. 99 crore against to Rs. 173 crore in the previous year period.
“We will continue the momentum of investments in our core business functions, streamlining processes and managing overall structural costs,” said Deepak Parikh, Vice-Chairman & Managing Director. Business Line
