Specialty Chemicals firm Clariant Chemicals (India) announced Q1FY23 Result :
- Clariant Chemicals (India) Limited, one of India's leading producers of pigments and pigment dispersions, reported a sales growth of 5%, at Rs.2201 Mio, for Q1 FY23, as against Rs.2101 Mio in the previous quarter
- The Company reported profit after tax of Rs.109 Mio for the quarter ended June 2022, compared to profit after tax of Rs.162 Mio for the previous quarter.
- On a year-on-year basis, the sales are up by 3% at Rs.2201 Mio for Q1 FY23 compared to Rs.2128 Mio for Q1 FY22, and profit before tax is Rs.147 Mio for Q1 FY23 compared to Rs.196 Mio for Q1 FY22
Bharath Sesha, Managing Director, Clariant Chemicals (India) Limited, said, “I am proud to share that through the team's excellent efforts, we were able to deliver profitable growth in Q1 FY23. This is particularly pleasing as the industry faced tough challenges of uncertain demand and inflationary costs. Whilst the picture for the rest of the year is hazy; we stay focused on differentiating the company via strong efforts in delivering customer-led innovations and industry-leading sustainable solutions."