Anupam Rasayan Q4 results: Net profit drops 44% to Rs 40.46 crore
Chemical maker Anupam Rasayan India Ltd on Saturday reported a 44.26 per cent decline in its consolidated net profit to Rs 40.46 crore for the fourth quarter of 2023-24, due to poor sales.
Net profit stood at Rs 72.63 crore a year earlier.
Total income fell to Rs 413 crore in the January-March quarter of 2023-24, compared to Rs 504.2 crore in the year-ago period, a regulatory filing said.
For the full financial year 2023-2024, Anupam Rasayan posted a 23 percent decline in consolidated net profit to Rs 167.4 crore, compared to Rs 216.8 crore in the previous financial year.
Total income fell to Rs 1,505.3 crore from Rs 1,610.4 crore in the said period.
Anupam Rasayan Managing Director Anand Desai said the chemical industry, including specialty chemicals, has faced significant headwinds in the past year. However, despite the decline in sales, the company has managed to maintain its profitability and maintain margins at a level of 27 percent on a consolidated basis for the full year.
“We believe the industry headwinds could persist over the next two quarters. However, the financial year 2025 will be a year of growth for us, with our main focus on the polymer and pharmaceutical sectors,” he added.
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First print: May 18, 2024 | 7:01 PM IST