Clariant Chemicals (India) drops after poor Q2 earnings

Clariant Chemicals (India) dropped 3.76% to Rs 817 at 10:36 IST on BSE after net profit fell 94.75% to Rs 4.48 crore on 13.99% decline in total income from operations (net) to Rs 234.74 crore in Q2 June 2015 over Q2 June 2014.

The Q2 result was announced after market hours yesterday, 4 August 2015.

Meanwhile, the S&P BSE Sensex was up 186.40 points or 0.66% at 28,258.33.

On BSE, so far 9,835 shares were traded in the counter as against average daily volume of 5,244 shares in the past one quarter.

The stock hit a high of Rs 830 and a low of Rs 815 so far during the day. The stock had hit a 52-week low of Rs 797.60 on 27 March 2015. The stock had hit a record high of Rs 1,185 on 15 January 2015.

The stock had outperformed the market over the past one month till 4 August 2015, rising 0.31% compared with Sensex's 0.07% decline. The scrip had however underperformed the market in past one quarter, advancing 1.8% as against Sensex's 2.11% gain.

The small-cap has equity capital of Rs 26.66 crore. Face value per share is Rs 10.

Clariant Chemicals (India)'s bottom line in Q2 June 2015 was pulled down due to base effect. There was a one-time gain of Rs 99.10 crore in Q2 June 2014.

Clariant Chemicals (India) is a manufacturer of specialty chemicals and is main player in pigments and Masterbatches.

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