Atul announced that the Board of Directors of the Company at its meeting held on 30 April 2021, inter alia, have recommended the final dividend of Rs 20 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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Atul announced that the Annual General Meeting (AGM) of the company will be held on 30 July 2021.

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Net profit of Atul rose 23.93% to Rs 175.05 crore in the quarter ended March 2021 as against Rs 141.25 crore during the previous quarter ended March 2020. Sales rose 15.58% to Rs 1115.93 crore in the quarter ended March 2021 as against Rs 965.47 crore during the previous quarter ended March 2020.

For the full year,net profit declined 1.61% to Rs 655.76 crore in the year ended March 2021 as against Rs 666.46 crore during the previous year ended March 2020. Sales declined 8.83% to Rs 3731.47 crore in the year ended March 2021 as against Rs 4093.06 crore during the previous year ended March 2020.

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Revenue from operations rose 15.6% to Rs 1,115.93 crore in Q4 FY21 over Q4 FY20.

On the segmental front, the Life Science Chemicals business revenue was at Rs 311.89 crore (up 22.6% YoY), Performance and Other Chemicals business revenue was at Rs 817.16 crore (up 9.7% YoY) in Q4 FY21.

Profit before tax stood at Rs 236.12 crore in the fourth quarter, up by 25.3% from Rs 188.42 crore in the same period last year.

Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.

The scrip fell 2.74% to currently trade at Rs 8135 on the BSE.

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