Chemical | 09 November 2020
AkzoNobel India' profit rises on lower costs
Company's net profit increase 34.57% YoY and stood at Rs 66.28 crore for the second 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
65% business has already been booked in first two quarters and the overall target is quite attainable as per the company
Shift to global business unit-led structure expected to accelerate decision making, increase accountability and improve execution
The company’s net profit rose 57% from Rs 201 crore to Rs 316 crore in Q2FY21 when compared with CPLY
The company's net sales reached Rs. 1,620 crore, showing a growth of 4% over the same period last year
The Q2 FY21 income from operations stood at Rs. 260.24 crore
Company's sales grew 18% YoY and reached Rs.117.40 crores in the second quarter
Company has agreed to acquire the API business of Peak International Products
The minister said that the government has already initiated programs and policies, which will benefit the Indian agrochemicals, petrochemicals, and the overall chemical sectors
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