Clariant Chemicals records Sales of Rs1028 crore for year ended March 2019

5/22/2019

  • Net Sales for the 12 months ended March 2019 grew by 2.0%
  • Board recommends a Final Dividend of Rs. 5/- per share (50%)

Mumbai, May 16, 2019: Clariant Chemicals (India) Limited, a focused and innovative specialty chemical company, today announced its financial results for the year ended March 31, 2019. The Company reported sales of Rs. 1028 crore in 2018-19, as against Rs. 1008* crore for the corresponding previous year. The net profit stood at Rs. 29.1** crore as against Rs. 13.3*** crore in the corresponding previous year. The Board has recommended a Final Dividend of Rs. 5/- per share (50%). The Company reported sales of Rs. 257 crore, for the quarter ended March 31, 2019, as against Rs. 244 crore on comparable basis for the corresponding quarter of the previous year. The net profit stood at Rs. 10.8 crore as against Rs. 3.6 crore in corresponding quarter of the previous year. The reported extract of the financial result is as follows:

The reported extract of the financial result is as follows:
 
Particulars (Rupees in crore) 3 Months ended Mar 31, 2019 3 Months ended Mar 31, 2018 Year ended Mar 31, 2019 Year ended Mar 31, 2019
Revenue from operations 257 244 1028 1008*
Profit from operations 10.8 3.6 29.1** 13.3***

* reported sales Rs. 1028 crore including excise duty of Rs. 20 crore
** excludes profit of Rs. 1 crore on sale of residential apartment
*** excludes profit of Rs. 20.1 crore on sale of residentail and commencial properties

Clariant is a focused and innovative specialty chemical company, based in Muttenz near Basel/Switzerland. On 31 December 2018 the company employed a total workforce of 17,901. In the financial year 2018, Clariant recorded sales of CHF 6.623 billion for its continuing businesses. The company reports in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. Clariant’s listed entity in India - Clariant Chemicals (India) Ltd, headquartered in Mumbai includes the businesses Pigments, Masterbatches and Additives, which deliver solutions for the emerging industry sectors in India. The 800-plus employee strength generated sales of INR 9.84 billion for the 12 months ended March 31, 2019. Clariant has also invested in a state-of-the-art Regional Innovation Center in Mumbai, with an aim to co-create tailor-made solutions with customers for the industry. Clariant is committed to Responsible Care ® and several external sustainability initiatives such as the Global Product Strategy and the United Nations Global Compact. Clariant is one of the top European chemical companies being part of Dow Jones Sustainability Indices



 

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