Heubach Colorants India Limited (formerly known as Clariant Chemicals (India) Ltd), has reported Standalone financial results for the period ended June 30, 2023.

The company has posted net profit of Rs. 16 crores for the period ended June 30, 2023 as against net profit of Rs. 9.23 crores for the period ended March 31, 2023. It posted net profit of Rs.10.94 crores for the period ended June 30, 2022.

The company has reported total income of Rs. 209.71 crores during the period ended June 30, 2023 as compared to Rs. 180.07 crores during the period ended March 31, 2023. It reported total income of Rs.222.92 crores during the period ended June 30, 2022.

Bharath Sesha, Managing Director, Heubach Colorants India Limited, said, "Heubach Colorants' execution of our strategy continues to gain traction. Our revenue trended significantly higher QoQ despite a very muted demand picture. Operating leverage gained via tight cost management and robust revenue growth enabled us to deliver the highest EBITDA ratio in more than two years. We are also proud to have made significant progress in our sustainability agenda; our largest site at Roha now gets nearly 75% of its energy requirements from renewable energy. We have also advanced the initiatives in creating a portfolio of low-carbon footprint products. The foundation laid over the last few quarters will enable us to accelerate the execution of our strategy, which is built on peace of mind to our customers and leading the industry in sustainability