AksharChem (India) Ltd Q1FY24; 37% fall in Revenue

AksharChem is one of the leading exporters of Vinyl Sulphone, accounting for 45% share of the country’s exports and also one of the world’s largest CPC Green pigment manufacturer with a global market share of 10%
The company is one of the fastest-growing vinyl sulphone manufacturers in India.
AIL is promoted by Mrs. Paru M. Jaykrishna with vast experience of nearly three decades in the chemical industry (mainly dye-intermediates and pigments).
Mrs. Paru Jaykrishna (Chairperson and MD) and Mr. Munjal Jaykrishna (Joint MD and CEO).

Financial Results:

AksharChem (India) Ltd reported Revenues for Q1FY24 of ₹71.68 Crores down from ₹114.51 Crore year on year, a fall of 37.4%.

Total Expenses for Q1FY24 of ₹76.50 Crores down from ₹112.46 Crores year on year, a fall of 31.98%.

Consolidated Net Profit of -₹5.38 Crores from ₹1.46 Crores in the same quarter of the previous year.

The Earnings per Share is -₹6.70, from ₹1.82 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.