Chemcon Speciality Chemicals tumbled 5.46% to Rs 498.80 after the chemical maker posted a 13.4% decline in net profit to Rs 13.41 crore on 20% fall in revenue from operations to Rs 57.2 crore in Q1 FY22 over Q4 FY21.
On a year-on-year basis, the company's net profit increased 51.8% on 25.2% rise in revenue from operations in Q1 FY22 over Q1 FY21.Profit before tax fell 15% quarter on quarter while it rose by 52% year on year to Rs 18 crore in Q1 FY22. The result was announced during market hours today, 9 August 2021.
Chemcon Speciality Chemicals is a manufacturer of specialized chemicals, used in the pharmaceutical and Oilwell industries. It supplies its products to domestic customers and as well as customers outside India.
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