Clean Science & Technology Ltd.(NSE: CLEAN)| Q3 FY23 Results Out| Total Income rises 33% yoy

Clean Science and Technology Ltd.(NSE: CLEAN) is a leading chemical manufacturer established in 2003. It produces a range of specialty chemicals including performance chemicals, pharmaceutical intermediates, and FMCG chemicals. The company has a strong focus on green chemistry and is committed to developing eco-friendly and sustainable manufacturing processes. Its products are used across diverse industries such as textiles, FMCG, agriculture, and personal care, and are supplied to customers both in India and overseas markets including China, Europe, USA, Korea, Taiwan, and Japan. Clean Science and Technology Ltd. operates three certified production facilities in India, each with its own R&D unit, quality control department, warehouse, and effluent treatment system.

Clean Science and Technology Ltd. recorded a mixed quarter in Q3 FY2022 with its highest ever revenue and profit after tax (PAT). Despite a hike in end product prices, gross margins were impacted due to a steeper increase in raw material prices, coal prices, and a shift in product mix towards the pharma segment. The company has a strong focus on sustainability and was awarded the “Greenco Silver” rating by GreenCo, which is a clear validation of its emphasis on clean, green, and sustainable practices.

During the quarter, Clean Science and Technology Ltd. commissioned new plants for the manufacture of PBQ, BHA, and TBHQ, with PBQ being an import substitute and the only one manufactured in India. The company also invested in cash capex of ~INR 110 crore, funded from internal accruals. The performance chemicals segment saw increased realizations across all products, with strong volume growth for BHA. The pharma chemicals segment saw increased volume growth and improved realizations for DCC. The FMCG chemicals segment saw increased volume growth and improved realizations for all key products.