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News Details

Fairchem Organics Q2 net profit zooms 130.68% at Rs 20.90 cr

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29/10/2021 13:30
The company reported standalone net profit of Rs 20.90 crore for the quarter ended September 30, 2021 as compared to Rs 9.06 crore in the same period last year, registering a year-on-year growth of 130.68 per cent.

Net revenue of the company rose substantially by 77.09 per cent at Rs 167.99 crore in July-September quarter of this fiscal as against Rs 94.86 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 71.20 per cent to Rs 136.22 crore from Rs 79.57 crore in year ago period.

Other Income grew by 300.00 per cent at Rs 0.04 crore versus (Sep'20 Rs 0.01 crore).

Operating Profit surged by 106.03 per cent to Rs 31.77 crore as against Rs 15.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.30 per cent in September quarter.

Interest grew by 29.49 per cent y-o-y to Rs 2.02 crore, while Taxation increased by 125.32 per cent at Rs 7.12 crore (Sep'20 Rs 3.16 crore).