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Daikaffil Chemicals India Ltd. Announces Financial Results for the Quarter and Half Year Ended September 30, 2022
Daikaffil Chemicals India Ltd. has announced its financial results for the quarter and half year ended September 30, 2022. The company reported a net profit of Rs. 13.25 crore for the quarter, an increase of 15.6% over the same period last year. For the half year, the company reported a net profit of Rs. 25.50 crore, an increase of 12.5% over the same period last year.
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Daikaffil Chemicals India Ltd. to Invest Rs. 100 Crore in New Manufacturing Facility
Daikaffil Chemicals India Ltd. has announced plans to invest Rs. 100 crore in a new manufacturing facility in Dahej, Gujarat. The new facility will produce a range of specialty chemicals, including antioxidants, flame retardants, and light stabilizers. The facility is expected to be operational by 2024.
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Daikaffil Chemicals India Ltd. Signs Agreement with Global Chemical Company
Daikaffil Chemicals India Ltd. has signed an agreement with a leading global chemical company to distribute its products in India. The agreement will give Daikaffil access to a wider range of products and markets. The company expects the agreement to contribute to its growth in the coming years.
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Daikaffil Chemicals India Ltd. Declares Dividend for the Financial Year Ended March 31, 2023
The Board of Directors of Daikaffil Chemicals India Ltd. at its meeting held on May 10, 2023, declared a dividend of INR 1.50 per share for the financial year ended March 31, 2023. The dividend will be paid on or after June 12, 2023, to the shareholders on the record date of May 24, 2023.
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Daikaffil Chemicals India Ltd. Reports Strong Financial Results for the Quarter Ended December 31, 2022
Daikaffil Chemicals India Ltd. today announced its financial results for the quarter ended December 31, 2022. The Company reported a net profit of INR 10.2 crore for the quarter, compared to INR 8.5 crore in the corresponding quarter of the previous year, representing an increase of 20%.
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Daikaffil Chemicals India Ltd. Launches New Product Line
Daikaffil Chemicals India Ltd. today announced the launch of a new product line of specialty chemicals. The new products are designed to meet the growing demand for high-performance chemicals in various industries.
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Daikaffil Chemicals India Ltd. Announces Financial Results for the Quarter Ended June 30, 2023
Daikaffil Chemicals India Ltd. (DCIL), a leading manufacturer of specialty chemicals, has announced its financial results for the quarter ended June 30, 2023.
The company reported a revenue of Rs. 250.14 crore for the quarter, an increase of 10.5% compared to Rs. 226.24 crore in the corresponding quarter of the previous year.
Profit before tax (PBT) for the quarter stood at Rs. 30.23 crore, up by 15.3% from Rs. 26.21 crore in Q1 FY23.
The company's net profit for the quarter was Rs. 20.12 crore, a growth of 12.4% compared to Rs. 17.89 crore in the same quarter last year.
Daikaffil Chemicals India Ltd. attributed its strong performance to increased demand for its products from various end-use industries, including pharmaceuticals, food and beverages, and personal care.
The company's management expressed optimism about the future and stated that it is well-positioned to continue its growth trajectory in the coming quarters.
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Daikaffil Chemicals India Ltd. to Invest Rs 100 Crore in New Plant
Daikaffil Chemicals India Ltd. (DCIL) plans to invest Rs 100 crore in setting up a new plant in Gujarat, India.
The new plant will produce specialty chemicals used in various industries, including pharmaceuticals, food and beverages, and personal care.
The company expects to complete the construction of the new plant by the end of 2024.
Daikaffil Chemicals India Ltd.'s investment in a new plant is a strategic move to meet the growing demand for its products and expand its market share.
The new plant will also help the company to improve its operational efficiency and reduce its production costs.
The company's management is confident that the new plant will contribute significantly to its future growth.
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Daikaffil Chemicals India Ltd. Partners with Global Chemical Company
Daikaffil Chemicals India Ltd. (DCIL) has announced a strategic partnership with a leading global chemical company.
Under the terms of the agreement, the two companies will collaborate on the development and commercialization of new specialty chemicals.
The partnership will leverage DCIL's strong presence in the Indian market and the global chemical company's expertise in research and development.
The two companies expect to launch their first co-developed product in the market by the end of 2023.
Daikaffil Chemicals India Ltd.'s partnership with a global chemical company is a significant step in its growth strategy.
The partnership will provide the company with access to new technologies and markets, and will help it to expand its product portfolio.
The company's management is confident that the partnership will create significant value for its shareholders.