Punjab Chemicals & Crop Protection sales surge in Q2 FY2021-22

Net profit of the Indian agrochemical company Punjab Chemicals & Crop Protection rose 52.3% to Rs 18 crore in the second quarter ended September 2021 as against Rs 11.78 crore during the previous quarter ended September 2020. 

Sales rose 27.3% to Rs 208.8 crore in the second quarter as against Rs 164 crore during the previous quarter of 2020. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was up by 36.8% year on year to Rs 31 crore. 

The company has registered a 40.7%% growth to Rs 103.8 crore for the domestic market and a 16% growth to Rs 104.6 crore for the international business.

Consolidated revenue of the first half year went up by 41.7% to Rs 419.7 crore as against Rs 296.2 crore in FY2020-21. EBITDA increased by 53.6% to Rs 68.8 crore as against Rs 44.8 crore in FY2020-21. Sales in domestic market rose by 65.7% to Rs 211.9 crore in the first half year, while sales in the international market was up by 23.5% to Rs 207.8 crore. 

Punjab Chemicals & Crop Protection Ltd. was incorporated in the year 1975. Its today's share price is 1552.75. Its current market capitalisation stands at Rs 1916.09 Cr. 

The company also highlighted the company’s business strategy in its financial statement.