Thirumalai Chemical’s report 10-fold rise in Q1 net profit

Thirumalai Chemicals has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has posted a rise of 983.22% in its net profit at Rs 16.79 crore for the quarter ended June 30, 2012 as compared to Rs 1.55 crore for the same quarter in the previous year. Total income has increased by 109.65% at Rs 298.84 crore for quarter under review as compared to Rs 142.54 crore for the quarter ended June 30, 2011.

Thirumalai Chemicals manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.