Ion Exchange (India) has inaugurated its new Research & Development Centre at Patancheru near Hyderabad. The state-of-the-art R&D Centre is set up over cost of Rs 30 crore and is spread over 24,000 sq. ft. and certified by the Department of Scientific and Industrial Research (DSIR).

The Patancheru R&D centre will develop new resins, membranes, polymers and speciality chemical technologies related to water, waste water treatment, process separation and purification, speciality process application and catalysis. The microbiology lab within the centre will lay emphasis on enzyme research and application specifically for the textile and food & beverage industry. With continued innovations, the new R&D centre will offer newer solutions to Ion Exchange customers in India and across geographies it serves.

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Net profit of Ion Exchange (India) rose 33.40% to Rs 13.70 crore in the quarter ended June 2019 as against Rs 10.27 crore during the previous quarter ended June 2018. Sales rose 40.58% to Rs 321.11 crore in the quarter ended June 2019 as against Rs 228.41 crore during the previous quarter ended June 2018.

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Ion Exchange (India) will hold a meeting of the Board of Directors of the Company on 8 August 2019.

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Net profit of Ion Exchange (India) rose 30.14% to Rs 30.83 crore in the quarter ended March 2019 as against Rs 23.69 crore during the previous quarter ended March 2018. Sales rose 28.19% to Rs 418.12 crore in the quarter ended March 2019 as against Rs 326.18 crore during the previous quarter ended March 2018.

For the full year,net profit rose 39.46% to Rs 66.59 crore in the year ended March 2019 as against Rs 47.75 crore during the previous year ended March 2018. Sales rose 10.87% to Rs 1102.34 crore in the year ended March 2019 as against Rs 994.25 crore during the previous year ended March 2018.

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