Chemical | 11 November 2020
Punjab Chemicals profit rises 228.13%
The company posted net profit of 228.13% YoY to Rs. 11.78 crore in Q2
The company posted net profit of 228.13% YoY to Rs. 11.78 crore in Q2
Company had earlier planned to invest Rs. 390 crores for this project and commercial operation of the plant is expected to commence by March 2022
In the third quarter of 2020, sales of the Henkel Group decreased nominally by -1.5 percent to 4,999 million euros
Company plans to diversify into benzene downstream products having capacity of 55,000 MTPA and expansion of sulphuric acid and derivatives having capacity of 340,000 MTPA at Saykha GIDC, Bharuch, Gujarat
Company has commissioned 2 plants - P2 and P7 for manufacturing of HMDS with capacity of 1,800 MTPA each.
Company has posted net profit of Rs 15.80 crore in Q2
Company reported 5.65% YoY growth in Q2 top line revenues at Rs 221.59 crores on a consolidated basis
Company's net income also declined by 8.71% YoY and stood at Rs 460.89 crore during in Q2 versus Rs 504.86 crore in the year-ago quarter
Company's net profit increase 34.57% YoY and stood at Rs 66.28 crore for the second quarter
For Q2, company registered revenue of Rs 13,816 million as compared to Rs 13,463 million previous year
Company recently won a medium-sized order of Rs 3.2 billion from Assam Bio Refinery Private Limited
The overall revenue stood at Rs. 104.32 crore in H1 FY21 versus Rs. 67.61 crore in the corresponding half year of last year
Company's Q2 revenues grew 14% YoY and stood at Rs. 344.17 crore
The company reported sales of €1.9 billion (€2.2 billion in Q3'19) which is a 9% decline at constant scope and currency (-18% in Q2'20), in line with the guidance of around -10% issued in end July by the company.
Sales decline by 14.3 percent to EUR 1.461 billion in Q3
Company has also reported a turnover of Rs. 1,047 crore for the quarter as compared to Rs. 931 crore during the same period last year
For the quarter ended September 30, 2020, on a standalone basis, CFCL achieved revenue of Rs. 3,986.94 crore
The growth in revenue is due to the higher offtake of existing products and new market opportunities
The project study comprised a world-scale propane dehydrogenation (PDH) plant, a polypropylene (PP) production and an acrylics value chain complex
Company partners with a key United Nations Environment Programme project to accelerate the phase-out of lead in paints
Subscribe To Our Newsletter & Stay Updated
