Clariant Chemicals’ full year Profit grew by 69% over previous year
- Declares Final Dividend of Rs. 15 per share (150%)
Mumbai, May 19, 2021: Clariant Chemicals (India) Limited, a focused, sustainable and innovative specialty chemical company today announced its full year financial results for the year ended March 31, 2021. The company reported Profit before exceptional item & tax of Rs. 58.07 crore for the year ended March 31, 2021, as compared to Rs. 34.29 crore in the similar previous year period – witnessing a significant growth of 69%, for our continuing business. Sales, in this period declined by 3.5% at Rs. 730.77 crore as against Rs. 757.28 crore in the similar previous year period, impacted by the Covid nationwide lockdown in the initial months.
The Profit before exceptional item & tax increased to Rs. 22.74 crore for the quarter ended year ended March 31, 2021, as compared to Profit of Rs. 10.67 crore for the similar previous year period. The Sales rose by 29%, at Rs. 218.84 crore, for the year ended March 31, 2021 as against Rs. 169.48 crore for the corresponding quarter in the previous year, for our continuing business.
The Board has recommended a Final Dividend of Rs. 15 per share (150%).
Adnan Ahmad, Vice Chairman & Managing Director, Clariant Chemicals (India) Limited, said, “Clariant in India continued to demonstrate its resilience, despite the pandemic. The gloom over Covid was lifting as consumption across different sectors were bouncing back until the second wave was upon us. At Clariant in India, we saw encouraging growth in the past 3 quarters, reflecting an impressive margin delivery. The Board is pleased to announce a final dividend of Rs. 15 per share (150%), as we continue to commend 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”.