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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.
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