Thirumalai Chemicals tumbles after Q1 PAT skid 8% YoY

27 Jul 2022 , 03:04 PM

Revenue from operations surged 56.4% to Rs 621.05 crore in the quarter ended 30 June 2022 as against Rs 397.10 crore in Q1 FY22. Profit before tax fell 6.57% to Rs 81.07 crore in Q1 FY23 as against Rs 86.77 crore in the corresponding quarter previous year. The company reported a 73.74% spike in total expenses to Rs 543.18 crore in Q1 FY23 over Q1 FY22. During the quarter, cost of material consumed soared 66.54% to Rs 409.68 crore and employee benefit expenses jumped 13.23% to Rs 18.91 crore. Thirumalai Chemicals manufactures organic chemicals. It ranks among the largest producers in the world of Phthalic Anhydride, Malic Acid, Maleic Anhydride and Fumaric Acid. Powered by Capital Market – Live News