Clariant Chemicals today posted a net profit of Rs 4.48 crore for the quarter ended on June 30, 2015.
The company had reported a net profit of Rs 85.44 crore in April-June 2014 on the back of an exceptional income of Rs 99.10 crore.
Total income from operations during April-June period of current financial year declined to Rs 234.74 crore from Rs 272.94 crore in the year ago period, the company said in a BSE filing.
During the quarter, the board approved the buy back of 35.789 lakh shares reprsenting 13.42 per cent of the company's share capital aggregating to about Rs 340 crore.
Meanwhile, the board today approved the change in financial year of the company from the period ending December 31 to March 31.
Accordingly, the current accounting and financial year will be extended by a period of three months consequent to which the current accounting year shall be for a period of 15 months commencing from January 1, 2015 to March 31, 2016.
Shares of the company today closed at Rs 848.95 apiece on BSE up by 2.69 per cent.
