The United States Department of Justice filed a lawsuit against a Louisiana chemical maker for allegedly exposing thousands of people in a minority community to increased cancer risk.
Vikas EcoTech shares gained over 200 per cent over the past one-year period evidently due to the announcement of production-linked incentives to reduce import dependency for various products.
Aarti Industries posted a 23.3% surge in consolidated net profit to Rs 136.10 crore on 12.4% rise in net sales to Rs 1209.35 crore in Q4 FY21 over Q4 FY20.The chemical maker saw sustained revenue growth driven by volume expansion and 75% contribution from value-added products. The company said that demand for discretionary products has majorly returned to pre-covid levels. The pharma segment revenues were at record levels, profitability sustained as the product basket remains focused on value addition.
Profit before tax grew by 27.2% to Rs 173.05 crore in Q4 FY21 over Q4 FY20. EBITDA rose 18.9% year on year to Rs 260 crore in Q4 FY21. EBITDA margin improved to 19.3% in Q4 FY21 from 18.4% in Q4 FY20. The company added that gross margins have returned to normalized levels.
Privi Speciality Chemicals jumped 5.78% to Rs 1102.50 after the company s consolidated net profit increased 70.8% to Rs 59.86 crore in Q4 FY21 from Rs 35.04 crore in Q4 FY20.
Net sales during the quarter improved 14.2% to Rs 353.11 crore compared with the same period last year. Profit before tax in Q4 FY21 stood at Rs 80.60 crore, up by 74.5% as against Rs 46.19 crore in Q4 FY20.
The chemical maker recorded 19.9% fall in consolidated net profit to Rs 116.90 crore on 3.6% decline in net sales to Rs 1276.56 crore in the year ended 31 March 2021 over the year ended 31 March 2020.
The company s board has recommended a dividend of Rs 2 per equity share for the financial year ended 31 March 2021. The record date for the same is 20 August 2021.
Read more about Deepak Nitrite rises after Q4 PAT jumps 68% YoY to Rs 290 cr on Business Standard. Deepak Nitrite jumped 1.74% to Rs 1940 after the chemical maker reported 68.4% jump in consolidated net profit to Rs 290.11 crore on 38.6% rise in net sales to Rs 1463.23 crore in Q4 FY21 over Q4 FY20.