By: ICN Bureau
Last updated : August 10, 2022 11:40 am
The company has reported profit after tax of Rs. 10.9 crore for the quarter ended June 2022, compared to profit after tax of Rs. 16.2 crore for the previous quarter
Clariant Chemicals (India) Limited, one of India's leading producers of pigments and pigment dispersions, has reported sales growth of 3% at Rs. 220.1 crore for Q1 FY23 compared to Rs. 212.8 crore for Q1 FY22, and profit before tax of Rs. 14.7 crore for Q1 FY23 compared to Rs. 19.6 crore for Q1 FY22.
The company has reported profit after tax of Rs. 10.9 crore for the quarter ended June 2022, compared to profit after tax of Rs. 16.2 crore for the previous quarter.
Bharath Sesha, Managing Director, Clariant Chemicals (India) Limited, said, “I am proud to share that through the team's excellent efforts, we were able to deliver profitable growth in Q1 FY23. This is particularly pleasing as the industry faced tough challenges of uncertain demand and inflationary costs. Whilst the picture for the rest of the year is hazy; we stay focused on differentiating the company via strong efforts in delivering customer-led innovations and industry-leading sustainable solutions.”
Clariant Chemical (India) Limited, part of the new Heubach group, is headquartered in Navi Mumbai. The company delivers color solutions for the emerging industry sectors in India and has manufacturing units spread across Roha in Maharashtra, Cuddalore in Tamil Nadu, and Nagda in Madhya Pradesh. With a strength of 498 employees, the company generated sales of Rs. 839.5 crore for the financial year ended March 31, 2022.