Chemicals Companies

Nisha Dahiya secures India's fifth Paris Olympic quota in woman wrestling

This will be the first time India will have five women wrestlers at the quadrennial extravaganza

India's SRF beats Q3 profit view on strong demand in chemical business

SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams

Anupam Rasayan net profit jumps 43.61% to Rs 54.43 crore in Dec qtr

Chemicals maker Anupam Rasayan India Ltd on Friday posted a 43.61 per cent jump in its consolidated net profit to Rs 54.43 crore in the third quarter of the current fiscal. The company's net profit stood at Rs 37.90 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total revenue on a consolidated basis increased to Rs 388.78 crore during October-December quarter of 2022-23 from Rs 271.12 crore in the year-ago period. Expenses remained higher at Rs 313.45 crore as against 211.80 crore in the said period. Commenting on the performance, Anupam Rasayan Managing Director Anand Desai said: ...despite unavailability of the certain capacities during the quarter, we were able to deliver growth on YoY basis. If you adjust the deferred revenue due to capacity constrain then our growth would have been around 25 per cent during the quarter." On January 4, the company restarted operations in one of its two plants post receipt of revocation of closure order. Wit

Archean Chemical gains 12% on debut, shares worth Rs 1,014 cr traded

The stock hit a high of Rs 476 and a low of Rs 440.2 on NSE; firm's IPO was subscribed 32 times

Dhanuka Agritech Q2 net profit jumps 15%; board approves share buyback

Agro chemicals firm Dhanuka Agritech Ltd on Tuesday posted a 15.22 per cent jump in consolidated net profit at Rs 73.02 crore for the second quarter ended September, mainly on the back of higher income. The Gurugram-based company had reported a net profit of Rs 63.37 crore in the same quarter previous fiscal, according to a regulatory filing. The company also said its board has approved buying back 10 lakh shares at Rs 850 a share, or up to Rs 85 crore. The buyback would subject to all applicable statutory approvals. Net income increased 23 per cent on a consolidated basis to Rs 548.39 crore in the latest September quarter. In the year-ago period, the same stood at Rs 445.75 crore. Expenses remained higher at Rs 450.42 crore as against Rs 361.41 crore in the year-ago period. The board has fixed November 18 as the record date for the buyback offer. Shares of the company rose 1.51 per cent to Rs 737.70 in afternoon trade on BSE.

Best Agrolife Q2 profit up five-fold to Rs 129.81 cr; total income doubles

Agro chemicals firm Best Agrolife Ltd has clocked an over five-fold jump in its consolidated net profit at Rs 129.81 crore for the quarter ended September on higher sales. Its net profit stood at Rs 25.18 crore in the year-ago period, the company said in a statement. Total income also more than doubled to Rs 701.17 crore in the second quarter of this fiscal year from Rs 324.71 crore in the corresponding period of the previous year. Best Agrolife Managing Director Vimal Alawadhi said the sales of newly launched products have been good. "Our plants have achieved higher capacity utilization and we have many revolutionary products in the pipeline," he added. Alawadhi said the company's R&D team specialises in innovating new molecules. "We have crafted a niche for ourselves in the agrochemical industry by receiving one or two patents for significant formulations consecutively in the last few years," he said. Alawadhi said the company would come up with tailor-made crop solutions to t

India's Nocil Ltd expects stronger sales as buyers pursue China Plus One

In the last two years, Nocil's profit grew more than five-fold to 664.8 million Indian rupees ($8.07 million)

Will 'one nation one fertiliser' lead to uniformity or anonymity?

Under 'One Nation One Fertiliser' all fertiliser bags, irrespective of their contents or the company that manufactures them, will carry a uniform brand name called "Bharat"

Robust demand trends in chemicals biz, expansions positive for SRF stock

Company has increased capex for the business to tap into new opportunities

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

Coromandel Intl falls 10% on profit-taking post gaining 17% in 1 month

Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.

Aether Industries' Rs 800 crore IPO opens today. Should you subscribe?

Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies

Strong chemicals business outlook likely to support the SRF stock

This could aid overall profitability, even though other segments may see margin moderation

Six people killed in fire at Andhra chemical plant, dozen injured

Six persons died in a fire accident in a chemical factory located in Akkireddygudem in the district and 12 others sustained burns, police said on Thursday.

India Glycols surges 16% in 3 days; to commission new unit by May 15

India Glycols informed that post successful installation of grain based distillery unit at Gorakhpur, trial runs are in progress and the same would be commissioned by May 15, 2022.

Indian, Israeli companies sign MoU for fertiliser supply for five years

The MoU would prove beneficial in view of the affected supply chain of potash due to the Ukraine-Russia war and escalating cost of potash and other fertilisers supplied from that region

Prospects may be turning around for India specialty chemicals companies

Q2 of 2021-22 saw lower margins due to cost pressures

Mangalore Chemicals and Fertilizer Q2 net profit falls 28% to Rs 29 crore

The company on Tuesday reported a 28.57 per cent decline in its net profit

Indian chemicals firm UPL asked to pay for forum on South Africa pollution

UPL has been accused by the country's environment department of illegally storing hazardous chemicals.

This recently listed specialty chemicals has zoomed 144% in 28 trading days

Meghmani Finechem was demerged from Meghmani Organics during FY21 to empower the company grow its Chlor-Alkali business