NACL Industries Q3 FY22 PAT grows by 70% to Rs 15.47cr
NACL Industries Limited has reported profit after tax (PAT) of INR 15.47 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 70% increase compared to INR 9.1 crores in the corresponding quarter of the previous fiscal year.
The Indian agrochemical company posted INR 404.8 crores in total income for the reported quarter, which is a 51% increase year-over-year.
Its earnings before interest, depreciation and tax (EBIDT) for Q3 FY22 was INR 35.65 crores, compared to INR 28.88 crores in Q3 FY21.
NACL Industries said that its exports business had nearly doubled during the quarter ended 31 December 2022 compared to the corresponding period in the previous fiscal year.
The agrochemical company also revealed that construction works at its Dahej project in Gujarat are progressing well and going on as per schedule.
Pavan Kumar — MD and CEO of NACL Industries said: “Results for the third quarter ending 31st Dec 2021 reflect continued progress towards the company’s longterm goals. The Company returned to a steady growth path on both revenue and EBITDA and laid the foundation for sustainable transformation and progress.
“The Company recorded sector-leading business growth in some segments despite challenging external conditions such as the pandemic, raw material supply constraints and increase costs, logistics challenges, etc. The Company’s projects are progressing well and the outlook for Q4 is positive.”