Net profit of Dharamsi Morarji Chemicals Co declined 88.20% to Rs 0.55 crore in the quarter ended June 2017 as against Rs 4.66 crore during the previous quarter ended June 2016. Sales declined 20.41% to Rs 26.71 crore in the quarter ended June 2017 as against Rs 33.56 crore during the previous quarter ended June 2016.

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Dharamsi Morarji Chemicals Co announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 August 2017.

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Net profit of Dharamsi Morarji Chemicals Co rose 42.03% to Rs 4.19 crore in the quarter ended March 2017 as against Rs 2.95 crore during the previous quarter ended March 2016. Sales rose 19.98% to Rs 36.69 crore in the quarter ended March 2017 as against Rs 30.58 crore during the previous quarter ended March 2016.

For the full year,net profit rose 41.19% to Rs 16.90 crore in the year ended March 2017 as against Rs 11.97 crore during the previous year ended March 2016. Sales rose 30.33% to Rs 140.24 crore in the year ended March 2017 as against Rs 107.60 crore during the previous year ended March 2016.

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Dharmsi Morarji Chemical Co announced that the Board of Directors of the Company at its meeting held on 02 March 2017 has considered and approved the scheme of arrangement/ amalgamation of Borax Morarji with The Dharmsi Morarji Chemical Co, subject to requisite approvals.

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