Browsing: EBITDA

Specialty chemicals company LANXESS continues its profitable growth path. The company ended fiscal year 2017 with record earnings. LANXESS has also made a good start to the new year.

India’s largest denim fabric manufacturer, Nandan Denim Limited (NDL), has reported a net profit of Rs 13.93 crore for the Q3 of FY 2017-18 as against Rs 8.63 crore in the corresponding period of 2016-17, a rise of 61 per cent.

Arvind Ltd’s consolidated revenue for Q3 grew 16 per cent at Rs 2,706 crore over the corresponding quarter of the previous year.

Following an excellent third quarter of 2017, specialty chemicals company LANXESS is still on course for the highest earnings in its history.

The Manmade Fibres Segment of Oerlikon captured a significant share of the business in the filament equipment market, where a high level of demand prevailed, particularly in China.

“We are pleased to announce another quarter of profitable growth”, said Dr Roland Fischer, CEO of Oerlikon Group. “Our positive performance confirms that our strategy addresses attractive markets, our initiatives and activities are delivering positive results, and we are able to take advantage of the growth momentum and opportunities in our end markets. Consequently, we are in a position to increase our full-year expectations for the second time this year.”

Huntsman-Clariant’s position as a leading global speciality chemicals company will further benefit from complementary R&D and technological expertise.

Greaves Cotton Ltd has posted a 5 per cent growth in its revenue at Rs 445 crore for the quarter ended June 30, 2016 as against Rs 424 crore for the corresponding period last year. Despite tough market conditions, the company maintained its net profit at Rs 39 crore for the first quarter, 11 per cent decline from Rs 44 crore in the comparable period last year.