Q3 2017-18 sales at Clariant Chemicals grow by 13.4%.

15-Feb-18

Clariant Chemicals (India) Limited, India's leading specialty chemicals producer, reported sales of Rs. 263 crore, for the quarter ended December 31, 2017, as against Rs. 232 crore on comparable basis for the corresponding quarter of the previous year. The continued businesses (Plastics and Coatings segment)  grew by 15.4% for the  quarter.

The Company reported sales of Rs. 770 crore, in the nine month of 2017-18, as against       Rs. 727 crore for the corresponding nine months of the previous year. The sales for the continued businesses (Plastics and Coatings segment) grew by   8.4%.
The strong growth in sales and continued focus on cost optimization has helped to improve the profitability,” explained Mr. Adnan Ahmad, VC&MD Clariant Chemicals (India)  Limited.

The reported extract of the financial result is as   follows:

Particulars

 

(Rupees in Crores)

3 months

ended Dec 31

2017

3 months

ended Dec 31,

2016

9 months

ended Dec 31,

2017

9 months

ended Dec 31,

2016

Revenue from operations

263

232*

770**

727***

Profit from operations

5.4****

-1.7

9.7****

24.5

* reported sales Rs. 251 crores including excise duty of Rs.19 crores

** reported sales Rs. 785 crores including excise duty of Rs.15 crores

*** reported sales Rs. 787 crores including excise duty of Rs.60 crores

**** Does not include profit of Rs.20.12 crores on sale of residential and commerical properties

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