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Speciality chemicals company Chemplast Sanmar Ltd has reported a net loss of Rs 49 crore for the October-December 2024 quarter significantly reducing from a net loss of Rs 89 crore registered in the year ago period. The city-based company, part of the SHL Chemicals Group which is a constituent of diversified The Sanmar Group, had registered a net loss of Rs 56 crore for the April-December 2024 period, as compared to Rs 127 crore recorded in the year ago period. In a statement on Saturday, the company said the business performance improved due to better prices and margins on Paste PVC (polyvinyl chloride), improved performance of Custom Manufacturing Chemicals division (CMCD) and also due to increased volumes of Paste PVC from the new manufacturing facility in Cuddalore. "Though the performance of the PVC division was better when compared to last year, the PVC products (both Suspension and Paste) witnessed price and margin pressures due to excessive dumping in Q3 FY2024-25 amidst ...
Speciality chemical manufacturer Aether Industries posted a more than two-fold jump in consolidated net profit at Rs 43.3 crore for the third quarter of the 2024-25 fiscal year on strong sales, the company said on Friday. The company reported a consolidated net profit of Rs 17.4 crore in the year-ago period, the company said in a regulatory filing. Total income increased to Rs 233.32 crore during the October-December quarter of the 2024-25 fiscal, from Rs 166 crore in the year-ago period. According to the company, the Gujarat Pollution Control Board has revoked the closure order on January 9 this year, allowing the company to resume full operations at its facility-II in Surat. The closure order was issued following a fire accident on November 29, 2023. It said the claim for stock loss has been submitted to the surveyor in Q3FY'25 and is expected to be settled in Q4FY25. The company is focusing on new business segments 'renewable and sustainability' and 'oil and gas' apart from ..