Net sales during the quarter increased by 12.51% year-on-year (YoY) to Rs 75.19 crore. Other income surged 95.66% to Rs 6.05 crore in Q3 December 2020 from Rs 3.09 crore in Q3 December 2019.

Total expenditure rose 6% to Rs 69.93 crore in Q3 December 2020 over Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 11.32 crore, up by 185.75% from Rs 3.96 crore in Q3 FY20. Current tax in the third quarter increased by 96% YoY to Rs 2.71 crore.

Chembond Chemicals manufactures a diverse range of specialty chemicals like water treatment, polymers, construction chemicals, high performance coatings, animal nutrition's and industrial biotech products. The company's varied product line allows it to serve industries across most segments of manufacturing in India.

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Sundaram Brake Linings Ltd, STEL Holdings Ltd, Yasho Industries Ltd and Gujarat Apollo Industries Ltd are among the other gainers in the BSE's 'B' group today, 18 January 2021.

Chembond Chemicals Ltd soared 19.99% to Rs 210.95 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 71250 shares were traded on the counter so far as against the average daily volumes of 5108 shares in the past one month.

Sundaram Brake Linings Ltd spiked 15.27% to Rs 363.1. The stock was the second biggest gainer in 'B' group. On the BSE, 6490 shares were traded on the counter so far as against the average daily volumes of 660 shares in the past one month.

STEL Holdings Ltd surged 15.11% to Rs 85.7. The stock was the third biggest gainer in 'B' group. On the BSE, 54012 shares were traded on the counter so far as against the average daily volumes of 13028 shares in the past one month.

Yasho Industries Ltd jumped 11.97% to Rs 183.85. The stock was the fourth biggest gainer in 'B' group. On the BSE, 6251 shares were traded on the counter so far as against the average daily volumes of 3047 shares in the past one month.

Gujarat Apollo Industries Ltd advanced 10.08% to Rs 225. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2859 shares were traded on the counter so far as against the average daily volumes of 3677 shares in the past one month.

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Net profit of Chembond Chemicals rose 247.74% to Rs 8.45 crore in the quarter ended December 2020 as against Rs 2.43 crore during the previous quarter ended December 2019. Sales rose 9.80% to Rs 75.20 crore in the quarter ended December 2020 as against Rs 68.49 crore during the previous quarter ended December 2019.

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Chembond Chemicals will hold a meeting of the Board of Directors of the Company on 16 January 2021.

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