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Chemcon Speciality slips after Q3 PAT falls 18% YoY

8 Feb 2022 , 10:50 AM

Net sales fell 23.6% to Rs 49.54 crore in Q3 FY22 as against Rs 64.8 crore recorded in Q3 FY21. Profit before tax declined 18.2% to Rs 18 crore in Q3 FY22 over Q3 FY21.

Meanwhile, the companys total expenses also fell 23.2% to Rs 32.2 during the period under review.

Shares of Chemcon Speciality traded 2.3% above their 52-week low of Rs 330.3 hit on 1 December 2021.

Chemcon Speciality Chemicals is a manufacturer of specialized chemicals, used in the pharmaceutical and Oilwell industries. It supplies its products to domestic customers and as well as customers outside India.

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