Clariant Chemicals logs PAT of Rs34 crore in FY22; stock tumbles ~3%

25 May 2022 , 03:29 PM

Clariant Chemicals (India) Limited, one of India’s leading producers of pigments and pigment dispersions, reported a sales growth of 15%, at Rs839.50 crore, for FY22, as compared to Rs730.80 crore for the corresponding previous year.

The Company reported a profit after tax of Rs43.30 crore for the year ended March 2022, as against a profit after tax of Rs34 crore (excluding exceptional items) for the year ended March 31, 2021, registering a growth of 27% yoy.

On a quarter-on-quarter basis, the sales were down by 5% at Rs210.10 crore for Q4FY22 as compared to Q3FY22.

Company’s profit before tax for Q4FY22 stood at Rs12.50 crore, logging a growth of 9% against Q3FY22.

Bharath Sesha, Managing Director, Clariant Chemicals (India) Limited, commented, ” We delivered a refined performance despite some challenging market conditions. With our team’s continual dedication toward robust execution and deep customer centricity, I am confident that we will build on this solid foundation. The company’s strategy revolves around bringing peace of mind to our customers by being reliable, innovative, and focused on solutions. I believe we are now well-placed to continue to be a leading player in this evolving industry landscape.”

Clariant Chemicals is currently trading at Rs447.15 down by Rs15.15 or 3.28% from its previous closing of Rs462.30 on the BSE. The scrip touched today’s high and low of Rs468 and Rs447.15 respectively.