Thirumalai Chemicals dropped 9.59% to Rs 225.30 after the company's consolidated net profit declined 7.77% to Rs 60.05 crore in Q1 FY23 as against Rs 65.11 crore posted in Q1 FY22.
Revenue from operations surged 56.4% to Rs 621.05 crore in the quarter ended 30 June 2022 as against Rs 397.10 crore in Q1 FY22.
Profit before tax fell 6.57% to Rs 81.07 crore in Q1 FY23 as against Rs 86.77 crore in the corresponding quarter previous year.
The company reported a 73.74% spike in total expenses to Rs 543.18 crore in Q1 FY23 over Q1 FY22. During the quarter, cost of material consumed soared 66.54% to Rs 409.68 crore and employee benefit expenses jumped 13.23% to Rs 18.91 crore.
Thirumalai Chemicals manufactures organic chemicals. It ranks among the largest producers in the world of Phthalic Anhydride, Malic Acid, Maleic Anhydride and Fumaric Acid.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app