Indo Borax & Chemicals Ltd. was incorporated in the year 1980 in Asangaon and its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983. The company was listed in 1993. Today, Indo Borax operates a Boric Acid and Borax plant at Pithampur. The company is engaged in the manufacturing of Boron products and Lithium Hydroxide.
Financial Results:
- Indo Borax & Chemicals Ltd reported Revenues for Q1FY24 of ₹55.00 Crores up from ₹53.00 Crore year on year, a rise of 3.77%.
- Total Expenses for Q1FY24 of ₹44.00 Crores up from ₹38.00 Crores year on year, a rise of 15.79%.
- Consolidated Net Profit of ₹10.00 Crores down 23.08% from ₹13.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹3.23, down 19.45% from ₹4.01 in the same quarter of the previous year.