Chemical
Shree Pushkar Chemicals & Fertilisers Q3 FY22 revenue up 44%; Profit up 37%
The volume growth for the chemicals segment stood at 25% for 9M FY22 versus 9M FY21 and for the fertilisers segment saw a growth of 32% for 9M FY22 vs 9M FY21
- By ICN Bureau
| February 14, 2022
Shree Pushkar Chemicals & Fertilisers Limited (SPCFL), a leading manufacturer of Dyes, Dye Intermediates, and Fertilisers with a product portfolio of more than 25 products, Q3 FY22 revenue at Rs. 137.3 crore, a growth of 44% on Y-o-Y basis and profit at Rs. 12.4 crore, a growth of 37% in Q3 FY22 on Y-o-Y basis
Total volume growth stood at 31% for 9M FY22 versus 9M FY21. The volume growth for the chemicals segment stood at 25% for 9M FY22 versus 9M FY21 and for the fertilisers segment saw a growth of 32% for 9M FY22 vs 9M FY21.
Commenting on the results, Punit Makharia, CMD, Shree Pushkar Chemicals & Fertilisers Limited said, "SPCFL has delivered a growth in volume and PAT for 9M FY22. The volume growth is at 31% for 9M FY22 vs 9M FY21 and the PAT has more than doubled for the period ending 9M FY22 at Rs 41.5 crore. For Q3FY22, our PAT growth was 37% Y-o-Y over the same quarter last year. As the situations are inching towards normalisation, we further envisage an uptick in volumes and are optimistic of volume and realisation growth for the coming year."
"We are uniquely placed as one of the few market players equipped in both forward and backward integration. Our company operates from 8 sites pan India and its process has strong quality control, and we take pride in informing you all that we are a zero-waste company. The strong quality control of our products in terms of accreditation of bluesign, System Partner; ZDHC, contributor and GOTS, the Global Organization Textile Standard helps our company to enjoy the trust from global players as well,” added Makharia.
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