Chemical
Punjab Chemicals profit rises 228.13%
The company posted net profit of 228.13% YoY to Rs. 11.78 crore in Q2
- By ICN Bureau
| November 11, 2020
Punjab Chemicals & Crop Protection Ltd has reported a strong growth in sales as well as profits due to rise in demand for specialty chemical products in second quarter of the current fiscal.
The company posted net profit of 228.13% YoY to Rs. 11.78 crore in Q2 as against Rs. 3.59 crore in the same period last year.
Sales also rose 34.87% YoY to Rs. 164.00 crore in Q2 versus Rs. 121.60 crore during the previous quarter ended September 2019.
The company operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading and is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.
The company also owns a research and development department that develops various cost effective solutions in the form of newer and newer products and processes. It also undertakes contract manufacturing of chemicals for various companies.The company is also engagged in the business of chemicals, bulk drug intermediates.
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