The Chemical business contributed nearly 81 per cent of segment profit while the cash flow from operations more than doubled at Rs. 1,248 crores in FY21.
The company’s board has recommended a dividend of Rs 7.50 per equity share for FY21 subject to the approval of shareholders.
The company’s revenues for the quarter ended March 31, 2021 grew by 21.8 per cent to Rs. 1,575 crores while net profit jumped by 415 per cent to Rs. 116 crores. Shares of the company which rallied 67 per cent in the last three months ended 5.66 per cent higher at Rs 307.05 crore on Friday.
FY21 has been a truly historic year for the company in all aspects of performance parameters, said Sailesh C. Mehta, chairman & managing director. “The key investments made over the last 4 years have started delivering. Industrial Chemicals, Mining Chemicals and Fertilisers performance, each of whose growth strategy has now been validated by their seamless integration with the India Growth story,” he added.
