By: ICN Bureau
Last updated : August 17, 2021 9:25 am
Profit After Tax at Rs. 23.15 crore in Q1 FY22 as compared to Rs. 6.71 crore in Q1 FY21, a growth of 244.95% Y-o-Y
Tatva Chintan Pharma Chem Limited., one of India’s leading specialty chemical manufacturing company with a diverse product portfolio, has announced Q1 FY22 total revenue at Rs. 109.8 crore, showing growth of 112.4% Y-o-Y.
Profit After Tax at Rs. 23.15 crore in Q1 FY22 as compared to Rs. 6.71 crore in Q1 FY21, a growth of 244.95% Y-o-Y.
Chintan Shah, Managing Director, Tatva Chintan Pharma Chem Limited said, “It gives me immense pleasure to be reporting our first results post our successful IPO. All the financial metrics including revenue and profitability showed a smart increase compared to the corresponding quarter."
"Additionally, Tatva Chintan has demonstrated its execution capacity and operational efficiencies by registering robust performance. We will continue to place a focus on creating value for stakeholders by putting emphasis on Green Chemistry and R&D Capabilities. Tatva Chintan's strategically diverse product range, geographic dispersion, and solid business model are all credible indicators of strong performance ahead,” added Shah.
Tatva Chintan Pharma Chem Limited is a player in the specialty chemicals segment that manufactures a diverse portfolio of Structure Directing Agents (SDAs), Phase Transfer Catalysts (PTCs), electrolyte salts for super capacitor batteries and pharmaceutical and agrochemical intermediates and other specialty chemicals. It has 2 manufacturing facilities in the state of Gujarat.
The company is India's biggest and only commercial manufacturer of SDAs for zeolites, as well as a major producer of an extensive range of PTCs globally. Apart from customers in India, the company also exports their products to over 25 countries and also has two wholly owned subsidiaries in the USA and Europe. The company is focused on serving various customers across various industries, including the automotive, petroleum, pharmaceutical, agrochemicals, paints and coatings, dyes and pigments, personal care and flavours and fragrances industries.