Elantas Beck India Ltd which is a group company of Altana, an international speciality chemicals group has reported a strong growth in profits as well as sales in second quarter of the current fiscal.

 

The company's sales grew 18% YoY and reached Rs.117.40 crores in the second quarter versus Rs.99.45 crores in the same period a year ago.

 

Net profit also rose by 48% YoY and stood at Rs.21.15 crores in Q2 as against Rs.14.23 crores last year.

 

The company has reported EPS of Rs.26.69 as compared to Rs.17.96 for the period ended September 30, 2019.

 

0n March 6, 2019, the company was directed for closure of its operations in Ankleshwar by the Gujarat Pollution Control Board (GPCB) due to a suspected ground water contamination Issue. GPCB through its subsequent orders had granted temporary revocation of the closure order which has been further extended till January 2021. Further the company is pursuing its representation to the GPCB for a permanent revocation of the closure order and is doing all the necessary acts, deeds and formalitles in that connectlon.