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Chemplast Sanmar Ltd Q2FY24; 33% fall in Profits

It is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. The manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.

Financial Results:

Chemplast Sanmar Ltd reported Revenues for Q2FY24 of ₹988.00 Crores down from ₹1,194.00 Crore year on year, a fall of 17.25%.

Total Expenses for Q2FY24 of ₹1,016.00 Crores down from ₹1,169.00 Crores year on year, a fall of 13.09%.

Consolidated Net Profit of ₹26.00 Crores down 33.33% from ₹39.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.65, down 32.38% from ₹2.44 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.

Tags: Chemicals
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