Himadri Chemicals PAT grows by 42.73%

Last Updated: Mon, Nov 12, 2012 10:30 hrs

Himadri Chemicals & Industries Ltd (BSE: 500184, NSE: HCIL), a wholly integrated specialty Carbon Corporation and the largest manufacturer of coal tar pitch in India, announced its financial results for the second quarter (Q2 FY 12-13)that ended on September 30, 2012.

During the period, Net profit after tax (PAT) was Rs 32.77 Cr against Rs.22.96 Cr in the corresponding quarter last financial year.

The company registered Rs. 314.37 Cr in its net sales in the quarter, an increase by 11.76% compared with the corresponding quarter in FY '11-12 when it clocked Rs. 281.29 Cr.

Commenting on the results, Anurag Choudhary, CEO, Himadri Chemicals and Industries Ltd, said, "It has been a moderate quarter in terms of the company's topline growth, we also witnessed a significant increase in profit after tax.

"Going forward our focus will be on consolidating on our domestic leadership by increasing volumes of existing business and creating a mark at the international market with our Coal tar pitch plant in China."

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