Punjab Chemicals reports 48.03% yoy increase in sales, stock surges 2%

31 Jan 2022 , 01:27 PM

Punjab Chemicals & Crop Protection Ltd. announced its results for the quarter ending December 2021 and reported strong financial performance over the last quarter. Its scrip gained 2.15% or Rs 32.32, at Rs 1,537.17 against the previous closing price of Rs 1504.85.

The company reported net sales of Rs 255.04 crore for the quarter ending December 2021, as against Rs 172.29 crore for the previous corresponding quarter, up by 48.03% YoY.

Punjab Chemicals reported PAT of Rs 22.45 crore for Q3 FY’22 against Rs 15.64 crore for Q3 FY’21, registering a growth of 43.54% YoY.
Its EBITDA for the quarter ended December 2021 stood at Rs 37.48 crore against Rs 27.61 crore for the same quarter last year, showing a growth of 35.75% YoY.

Punjab Chemicals witnessed an increase in its EPS from the existing Rs 12.76 to Rs 18.31 for the current quarter.

Punjab Chemicals and Crop Protection Limited (Punjab Chemicals) was established in 1975 and presently operates various state-of-the-art manufacturing sites which are located across India and have international standards with support from its R&D strengths and unparalleled Pilot Plant facilities.