Bodal Chemicals, manufacturer and marketer of dye and dye intermediates, reported a profit of Rs 5.17 crore for the quarter ended September 30, a 111.02 per cent increase over Rs 2.45 crore registered for the corresponding period of last fiscal.
The Profit Before Tax (PBT) stands at Rs 7.61 crore for the quarter, as against a profit of Rs3.76 crore in the corresponding period. Net sales rose to Rs 146.70 crore, a 21.3 per cent increase from Rs120.93 crore in the previous year.
Chairman and managing director Suresh J Patel, said, "Bodal is transforming itself into India’s most integrated dyestuff company spanning the entire value chain from basic chemicals to dyes intermediates to dyestuff. The commissioning of Sulphuric Acid plant has led to higher EBITDA by reducing raw-material cost, energy cost and transportation cost."
