Performance of Bodal Chemicals Limited for the Quarter ended on 30th June, 2015

• REVENUE GROWS BY 4.81%
• PBT UP BY 58.83%
• PAT UP BY 119.70%

Ahmedabad – August 18, 2015 – Bodal Chemicals Limited is publishing financial results for the quarter ended 30^th June, 2015, profit before tax for the quarter has been stood at Rs.30.53 crores against Rs.19.21 Crores of previous quarter, showing growth of Rs.11.32 crores registering a q-o-q growth of 58.83%.

The profit after tax for the quarter stood at Rs.20.16 crore vis a vis Rs.9.17 crores in the preceding quarter q-o-q growth of 119.70%.

The exports for the quarter were Rs.84.98 Crore which constituted 34.53% of total revenues.

Outlook

The chemical industry look promising in coming years as world supply dynamics are changing & shifting. There have been many plants shutdown in China because of stricter pollution norms by Chineese government which has lead to rise in price of few dye intermediaries. As environmental observance started in China from 2012 this Industry started facing pollution related issues very seriously. The Indian chemical industry is placed very well in global context with regard to India becoming major supplier to global market in coming years & commanding price henceforth earning better margins.

Background

Bodal Chemicals Ltd is amongst India’s leading manufacturer of Dyestuffs, Dye Intermediates and Basic Chemicals. Bodal Chemicals has capacity of manufacturing over 25 varieties of Dye Intermediates and around 150 variants in Dyestuff which are principally used as raw materials in Textile, Leather, Paper & other Dye consuming industries. Out of total production about 40% is export to more than 35 countries across the world. Major areas of export cover Europe, South Asia and Asia Pacific countries etc.

For more details visit our website www.bodal.com

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Media Contact
Company Name: Bodal Chemicals Ltd.
Contact Person: Mayur Padhya, Chief Financial Officer
Email: mayur@bodal.com
Phone: 9925455566, 25835437, 25834223
Address:Plot No. 123, 124, Phase 1, GIDC, Vatva
City: Ahmedabad
State: Gujarat
Country: India
Website: www.bodal.com

Source: ABNewswire

ReleaseID: 35275