Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company recently announced its financial results for the nine months ended December 31, 2020. The company reported Profit before exceptional item & tax of Rs. 35.3cr for the nine months ended December 31, 2020, as compared to Rs.23.6cr in the similar previous year period – witnessing a significant growth of 50 percent Sales fell by 13 percent at Rs. 511.9 cr, for the nine months ended December 31, 2020 as against Rs. 587.8 cr in the similar previous year period, severely impacted by the Covid nationwide lockdown in the initial months.
The Profit before exceptional item&tax stood at Rs. 19.0cr for the quarter ended December 31, 2020, as compared to Loss before Tax of Rs. 3.1cr for the similar previous year period. Sales rose by 7 percent, at Rs. 202.1cr, for the quarter ended December 31, 2020 as against Rs. 188.3 cr for the corresponding quarter in the previous year. The Board has recommended an Interim Dividend of Rs. 50 per share (500 percent).
Adnan Ahmad, Vice Chairman & Managing Director, Clariant Chemicals (India) Limited, said, “The gloom over Covid is lifting as consumption across different sectors is bouncing back. At Clariant, we delivered a strong performance in Q3, with our sustained efforts on working capital, cost control and operational productivity all coming good. The Board is pleased to announce an interim dividend of Rs. 50 per share (500 percent), as we continue to reward our shareholders for their trust in us. Our continued focus on Excellence in Execution helps us deliver on our top priorities of safety, sustainability and innovative offerings to all of our stakeholders”.
