Clariant Chemicals’ Half Yearly Sales rose to Rs. 407.6 Crore and Profit before tax at Rs. 25.6 Crore

Mumbai, November 11, 2021 – Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company today announced its financial results for the second quarter ended September 30, 2021.

The Sales rose by 8%, at Rs. 194.9 crore, for the quarter ended September 30,  2021 as against Rs. 180.8 crore for the corresponding quarter in the previous year. However, Profit before exceptional item & tax stood at Rs. 6 crore for the quarter ended September 30, 2021, as compared to Rs. 12.2 crore for the quarter ended September 30, 2020.

For half year ended September 2021, the Profit before exceptional item & tax stood at Rs. 25.6 crore as compared to Rs. 16.3 crore for half year ended September 2020 – witnessing a strong recovery from the pandemic that has affected global trade in recent times. The Company reported sales of Rs. 407.6 crore in the first half of 2021, as against Rs. 309.8 crore for the corresponding half of the previous year.

The company reported Profit before exceptional items & tax of Rs. 6.0 crore for the quarter ended September 30,  2021, as compared to Rs. 19.6 crore for the quarter ended June 30,  2021 – witnessing a decline. The Sales declined by 8% at Rs. 194.9 crore, for the quarter ended September 30, 2021 as against Rs. 212.8 crore in the previous quarter. In general the overall industry was impacted by the increasing raw material and freight costs. The first half of this fiscal continued to exhibit strong resilience despite the headwinds faced by the markets.