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Chembond Chemicals standalone net profit rises 220 37% in the March 2021 quarter
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Chembond Chemicals reports consolidated net profit of Rs 5 05 crore in the March 2021 quarter
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Construction Chemicals Market â Key Data Points Mapped for Industry Professionals Indiaâs market for construction chemicals is witnessing a noteworthy expansion chiefly due to the nationâs industrial boom. Huge investments are occurring in Indiaâs infrastructure sector that is giving a push to the construction chemicals and constr
BriefingWire.com, 4/09/2021 - Indiaâs market for construction chemicals is witnessing a noteworthy expansion chiefly due to the nationâs industrial boom. Huge investments are occurring in Indiaâs infrastructure sector that is giving a push to the construction chemicals and construction market. Significant construction initiatives are at present progressing in the nation. The utilization of construction chemicals is commanded by governmental regulations that is the reason, the Indian governmentâs construction activities have fuelled the expansion of the construction
Ahead of Market: 12 things that will decide stock action on Wednesday
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Overall, market breadth remained in favour of bulls. As many as 186 stocks on the BSE 500 index settled the day in green, while 312 settled the day in red.
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NEW DELHI: Nifty opened above the crucial 15,000 mark and held the levels despite a volatile trade as the headline index formed a small bullish candle with a long lower shadow on the daily chart.
Rohit Singre, Senior Technical Analyst at LKP Securities, said, Nifty managed to crossed the 15,100 zone decisively which acted as a strong hurdle previously. We may see some more positive move going forward if it manages to sustain above the 15,100 zone on an immediate basis. Nifty has a strong support at the 15K mark and hurdle zone for Nifty is coming near 15,170-15,250 zone.
Chembond Chemicals hit an upper circuit of 20% at Rs 210.95 after the company reported a 247.62% surge in consolidated net profit to Rs 8.45 crore in Q3 FY21 from Rs 2.43 crore in Q3 FY20.
Net sales during the quarter increased by 12.51% year-on-year (YoY) to Rs 75.19 crore. Other income surged 95.66% to Rs 6.05 crore in Q3 December 2020 from Rs 3.09 crore in Q3 December 2019.
Total expenditure rose 6% to Rs 69.93 crore in Q3 December 2020 over Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 11.32 crore, up by 185.75% from Rs 3.96 crore in Q3 FY20. Current tax in the third quarter increased by 96% YoY to Rs 2.71 crore.
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