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Himadri Chemicals PAT grows by 42.73pc

Posted on Nov 12, 03:37PM | IBNS

Himadri Chemicals and 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 11.76pc 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."