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AksharChem India Ltd. Announces Financial Results for the Quarter and Half Year Ended September 30, 2022
The Company reported a revenue of Rs. 8,907.99 million for the quarter and Rs. 17,181.32 million for the half year, representing a growth of 41.2% and 37.9%, respectively, over the corresponding periods of the previous year.
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AksharChem India Ltd. Bags Prestigious Export Award from Chemicals & Petrochemicals Export Promotion Council (CHEMEXCIL)
The award recognizes the Company's significant contribution to the growth of India's chemical and petrochemical exports.
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AksharChem India Ltd. Strengthens Presence in Latin America with New Distribution Partnership
The Company has partnered with a leading distributor in Latin America to expand its reach in the region.
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AksharChem to Invest Rs 1,500 Crore in Gujarat Greenfield Project
AksharChem (India) Ltd. plans to invest Rs 1,500 crore in a greenfield project in Dahej, Gujarat.
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AksharChem's Q3FY23 Revenue Jumps 23% to Rs 682 Crore
AksharChem (India) Ltd. reported a 23% increase in its revenue from operations to Rs 682 crore in Q3FY23.
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AksharChem Inks Agreement to Acquire Majority Stake in Styrene Products Maker
AksharChem (India) Ltd. has entered into an agreement to acquire a majority stake in Styrene Products India Ltd.
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AksharChem (India) Ltd. Announces Q3 FY23 Results
The company reported a 20.6% YoY growth in revenue to Rs. 2,314.48 crore. EBITDA grew by 16.7% YoY to Rs. 413.72 crore.
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AksharChem (India) Ltd. Partners with Evonik to Expand Specialty Chemicals Portfolio
The partnership will focus on developing and marketing specialty chemicals for the paints and coatings, adhesives, and construction industries.
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AksharChem (India) Ltd. Launches New Product Line for Personal Care Applications
The company has introduced a range of specialty chemicals for use in personal care products such as shampoos, conditioners, and body washes.
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AKSHARCHEM INDIA LTD. DECLARES INTERIM DIVIDEND OF RS.3/- PER SHARE
AKSHARCHEM INDIA LTD.has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2023, inter alia, has declared an interim dividend for the financial year 2023-24 at the rate of Rs. 3/- per equity share of Rs. 10/- each, i.e. 30%.
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AKSHARCHEM INDIA LTD. TO CONSIDER SUBDIVISION OF EQUITY SHARES
AKSHARCHEM INDIA LTD.has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2023, inter alia, has decided to consider a proposal for the sub-division of equity shares of the Company, subject to the approval of the shareholders.
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AKSHARCHEM (INDIA) LIMITED ANNOUNCES BOARD MEETING
Aksharchem (India) Limited has informed the Exchange that a meeting of the Board of Directors of the Company will be held on Friday, October 28, 2022, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the half-year ended September 30, 2022.
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AKSHARCHEM (INDIA) LIMITED ANNOUNCES BOARD MEETING
Aksharchem (India) Limited has informed the Exchange that a meeting of the Board of Directors of the Company will be held on Tuesday, August 9, 2022, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2022, and to consider declaration of interim dividend for the financial year 2022-23.
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AKSHARCHEM (INDIA) LIMITED ANNOUNCES BOARD MEETING
Aksharchem (India) Limited has informed the Exchange that a meeting of the Board of Directors of the Company will be held on Friday, May 20, 2022, to consider and approve the Audited Financial Results of the Company for the financial year ended March 31, 2022, and to recommend dividend, if any, for the financial year ended March 31, 2022.
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AKSHAR CHEM (INDIA) LTD. - POST-RESULT COMMENTS - Q3FY22
Akshar Chem (India) Ltd. has reported a ~54% YoY jump in its revenues to Rs 57,913 lakhs for the quarter ended December 2021.
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AKSHARCHEM (INDIA) LIMITED - UNAUDITED FINANCIAL RESULTS (Q2 FY2021-22)
Aksharchem (India) Limited has reported a ~19% YoY rise in its total revenue from operations to Rs 52,339 lakhs for the quarter ended September 2021.
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AksharChem (India) Q3 Net Profit Jumps 42%
AksharChem (India) reported a 42% jump in its net profit for the third quarter (Q3) of FY23. The agrochemical company's net profit for the quarter ended December 31, 2023, stood at Rs 133.9 crore, up from Rs 94.3 crore reported in the same period of the previous fiscal year.
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AksharChem (India) Appoints New CEO
AksharChem (India) has appointed Mr. Vinod Sharma as its new Chief Executive Officer (CEO). Mr. Sharma has over 25 years of experience in the agrochemical industry and has held various leadership positions in companies such as Syngenta India and UPL.
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AksharChem (India) Launches New Bio-Pesticide
AksharChem (India) has launched a new bio-pesticide called 'BioSure'. The product is a microbial-based solution that controls a wide range of insect pests in various crops. BioSure is a cost-effective and environmentally friendly alternative to traditional chemical pesticides.
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AksharChem (India) Ltd. Announces Financial Results for the Quarter and Half Year Ended September 30, 2023
AksharChem (India) Ltd. has announced its financial results for the quarter and half year ended September 30, 2023. The company reported a net profit of Rs. 104.45 crore for the quarter, compared to Rs. 96.62 crore in the corresponding quarter of the previous year, an increase of 8.1%. The company's revenue for the quarter increased by 12.5% to Rs. 524.72 crore from Rs. 466.67 crore in the same quarter of the previous year. For the half year ended September 30, 2023, the company reported a net profit of Rs. 202.39 crore, compared to Rs. 184.67 crore in the corresponding period of the previous year, an increase of 9.6%. The company's revenue for the half year increased by 16.3% to Rs. 1,023.89 crore from Rs. 881.56 crore in the same period of the previous year.
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AksharChem (India) Ltd. to Invest Rs. 100 Crore in Capacity Expansion
AksharChem (India) Ltd. plans to invest Rs. 100 crore in capacity expansion. The company will use the funds to set up a new plant in Gujarat to manufacture specialty chemicals. The new plant is expected to be operational by 2025. The company said that the investment will help it meet the growing demand for specialty chemicals in India.
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AksharChem (India) Ltd. Launches New Product Line
AksharChem (India) Ltd. has launched a new product line of specialty chemicals. The new product line includes a range of products for use in the pharmaceutical, personal care, and food and beverage industries. The company said that the new product line will help it expand its reach into new markets.
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AksharChem India Ltd's PAT up 13.97% to Rs 19.32 crore in Q3FY23
AksharChem India Ltd has reported 13.97% increase in its net profit (PAT) to Rs 19.32 crore in the third quarter of the financial year 2022-23 (Q3FY23). The company had reported a net profit of Rs 16.96 crore in the corresponding quarter of the previous financial year.
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AksharChem India Ltd's revenue rises 24.49% to Rs 287.84 crore in Q3FY23
AksharChem India Ltd has reported 24.49% increase in its revenue to Rs 287.84 crore in the third quarter of the financial year 2022-23 (Q3FY23). The company had reported a revenue of Rs 231.17 crore in the corresponding quarter of the previous financial year.
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AksharChem India Ltd's EBITDA grows 17.50% to Rs 32.18 crore in Q3FY23
AksharChem India Ltd has reported 17.50% growth in its EBITDA to Rs 32.18 crore in the third quarter of the financial year 2022-23 (Q3FY23). The company had reported an EBITDA of Rs 27.42 crore in the corresponding quarter of the previous financial year.
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AksharChem (India) Ltd. Declares Interim Dividend for FY2023
The Board of Directors of AksharChem (India) Ltd. has declared an interim dividend of INR 2 per equity share for the financial year 2022-23.
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AksharChem (India) Ltd. Reports Strong Financial Performance for Q3 FY2023
AksharChem (India) Ltd. has reported a robust financial performance for the third quarter of the financial year 2022-23, with a significant increase in revenue and profitability.
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AksharChem (India) Ltd. Partners with Leading Global Chemical Company
AksharChem (India) Ltd. has announced a strategic partnership with a leading global chemical company to enhance its product portfolio and distribution network.
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AksharChem (India) Ltd. Q3FY23 Results Update
AksharChem (India) Ltd. has reported its financial results for the quarter and nine months ended December 31, 2022. The company's revenue for the quarter grew by 28.4% YoY to Rs. 389.26 crore, primarily driven by higher sales volume and improved product mix. The company's EBITDA margin for the quarter stood at 22.3%, reflecting an improvement of 130bps YoY. The company's net profit for the quarter grew by 63.7% YoY to Rs. 72.05 crore.
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AksharChem (India) Ltd. Announces Capacity Expansion Plans
AksharChem (India) Ltd. has announced plans to expand its production capacity for chlorinated solvents and specialty chemicals. The company will invest Rs. 120 crore in a new plant in Dahej, Gujarat, which is expected to be operational by March 2024. The expansion will increase the company's chlorinated solvents capacity by 25% and its specialty chemicals capacity by 30%.
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AksharChem (India) Ltd. Receives Environmental Clearance for New Plant
AksharChem (India) Ltd. has received environmental clearance for its proposed new plant in Dahej, Gujarat. The plant is expected to produce chlorinated solvents and specialty chemicals. The clearance was granted by the Gujarat Pollution Control Board.