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Clariant Chemicals records 69% profits

Clariant Chemicals records 69% profits
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Clariant Chemicals tumbles after Q4 PAT skids 29% YoY to Rs 11 cr

Clariant Chemicals (India) slumped 5.99% to Rs 490.40 after the company s net profit dropped 28.6% to Rs 10.97 crore on 29.1% surge in net sales to Rs 218.84 crore in Q4 March 2021 over Q4 March 2020.The profit before exceptional item & tax increased to Rs 22.74 crore in Q4 March 2021, compared with PBT of Rs 10.67 crore in the similar previous year period. Clariant Chemicals (India) reported profit before exceptional item & tax of Rs 58.07 crore for the year ended 31 March 2021 (FY21), compared with Rs 34.29 crore in the similar previous year period (FY20), witnessing a significant growth of 69%, for the continuing business. Sales, in FY21 declined 3.5% at Rs 730.77 crore as against Rs 757.28 crore in FY20, impacted by the Covid nationwide lockdown in the initial months.

Stocks in news: Coforge, Indian Oil, JK Tyre, Sintex and more

Stocks in news: Coforge, Indian Oil, JK Tyre, Sintex and more Stocks in news: Coforge, Indian Oil, JK Tyre, Sintex, Westlife Development,  Clariant Chemicals and more BusinessToday.In | May 20, 2021 | Updated 10:11 IST Stocks to watch today: Coforge, TD Power Systems, JK Tyre, Westlife Development, Clariant Chemicals, Indian Oil, Sintex, Kaya and more Indian equity market is likely to open flat today. On Wednesday, Sensex and Nifty snapped their two-session winning streak amid a negative trend in global markets. Sensex gave up the 50,000 mark and ended 290 points lower at 49,902. Nifty fell 78 points to 15,030. Bajaj Finserv was the top loser in the Sensex pack, falling around 2 per cent, followed by HDFC, M&M, Bharti Airtel, UltraTech Cement and Kotak Bank.

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