Wednesday, September 28, 2022
News

Indo Amines Limited declares tremendous growth, Operational Revenue up by 46 per cent

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Business | August 10, 2022 2:29:18 PM IST
Mumbai (Maharashtra) [India], August 10 (ANI/PRNewswire): Indo Amines Limited, one of the country's leading makers of Fine Specialty & Performance Chemicals has announced robust financial numbers in Q1FY23.

HIGHLIGHTS OF CONSOLIDATED BUSINESS

Consolidated business represents the performance of Indo Amines Ltd. and its subsidiaries (Indo Amines Group)

Consolidated Business Q1-FY23 vs Q1-FY22 (Y-o-Y basis)

The Revenue from Operations of the Group has increased to Rs 25,826.96 Lakhs from Rs 17,707.42 Lakhs. The Revenue from Operations registered a growth of ~ 46 per cent ;

The Profit after tax (PAT) of the Group has increased to Rs 848.50 Lakhs from Rs 712.87 Lakhs. The PAT registered a growth of ~ 19 per cent;

Highlights of Standalone Business:

Represents the performance of Indo Amines Ltd. Standalone

Standalone Business Q1-FY23 vs Q1-FY22 (Y-o-Y basis)

The Revenue from Operations of the Company has increased to Rs 25,192.66 Lakhs from Rs 18,270.52 Lakhs. The Revenue from Operations registered a growth of ~ 38 per cent;

The Profit after tax (PAT) of the Company has increased to Rs 1,100.69 Lakhs from Rs 848.24 Lakhs. The PAT registered a growth of ~ 30 per cent;

Commenting on the successful result, Vijay Palkar, Managing Director and CEO, Indo Amines Limited, said, " We are happy to share the amazing growth figures. We'll keep strengthening our position and extending into untapped new markets. In order to strengthen our current and future partnerships in the domestic and international markets, we will develop our chemistries and form strategic alliances. We anticipate a bright future and will enable expansion and further utilization of our plants. For Indo Amines, these are exciting times, and we are pleased with the accomplishments and opportunities that are coming our way."

Commenting on the successful result, Rahul Palkar, Joint Managing Director, Indo Amines, said, "In the current year, we have maintained our growth trajectory and enhanced our EBITDA margins. We have also contributed significantly to the global ESG and sustainability movement and shown climate consciousness. Strategic partnerships and our advanced capabilities put us in a good position to sustain growth, add value to our clients, and maximize shareholder value."

Indo Amines Limited (NSE: INDOAMIN) (BSE: 524648), is one of the country's leading makers of Fine Specialty & Performance Chemicals, headquartered in Mumbai. The company was incorporated in 1992 and produces a wide range of fatty amines and amine derivatives for usage in a variety of industries.

Their products are also used in specific process applications for a variety of industries and processes. Fine chemicals-Aliphatic Amines, Aromatic Amines, Amine Ethoxylates, Cycloalkanones, Cycloalkanols, Halides, Alcohols, Aliphatic Nitriles, Aromatic Nitriles, Acids & Esters, Bulk Drugs & Advanced Intermediates, etc., are among the company's products. Fatty Acids, Fatty Amides, Fatty Amines, Fatty Diamines, Fatty Tertiary Amines, Fatty Ethoxylates, Quaternary Ammonium Compounds and Other Specialty Chemicals Fertilizers, road construction, plastics, paper, agrochemicals, pharmaceuticals, and other performance chemicals.

This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Reliance Retail launches fashion & lifes...
Mystery leaks in gas pipelines between R...
FM urges I-T officials to expedite retur...
Real estate sector well-placed to absorb...
PNAS Partners with Straive for Productio...
Slow-fashion brand FREECULTR becomes the...
More...
 
INDIA WORLD ASIA
BJP rally to Nabanna: HC asks Bengal gov...
One held in Ahmedabad for helping ISI op...
Abu Salem gets three-year term in fake p...
ED takes action against online gaming ap...
Calcutta HC cautions Bengal Home Secy of...
Pixel 7 Pro spec leaks suggest smartphon...
More...    
 
 Top Stories
No entry into Garba dance venues wi... 
Explosions near Nord Stream pipelin... 
Sofia Open tennis: Holger Rune beat... 
This is why Byju Raveendran's last ... 
IMT Ghaziabad launches Certificate ... 
Sitharaman directs banks to enhance... 
Ankita murder case: Accused Pulkit ... 
One held in Ahmedabad for helping I...