Clariant Q1 2018 Profit grows to Rs 15 Point 30 crores

8/10/2018

Mumbai, August 09, 2018: Clariant Chemicals (India) Limited, India's leading specialty chemicals producer, reported sales of Rs. 264 crore, for the quarter ended June 30, 2018, as against Rs. 258 crore, on a comparable basis for the corresponding quarter of the previous year. The PBITDA for the quarter ended June 30, 2018, stood at Rs. 24.81 crore, as compared to Rs. 7.20 crore in the corresponding quarter of the previous year.
 
The Company’s profit before tax grew to Rs. 15.30 crores for quarter ended June 2018 as compared to loss before tax of Rs. 2.30 Crores for quarter ended June 2017.
 
 “Effective cost management and resource optimization, with a better product portfolio has enabled us to improve the profitability,” explained Mr. Adnan Ahmad, VC&MD Clariant Chemicals (India) Limited.
 
The reported extract of the financial result is as follows:
 
Particulars
(Rupees in Crores)
3 months ended June 30 2018 3 months ended June 30, 2017
Revenue from operations 264 258*
PBITDA (% to sales) 24.81
(9.4%)
7.20
(2.8%)
Profit Before Tax 15.30 -2.30
 *reported sales Rs. 278 crores including excise duty of Rs. 20 crores
 
 

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