Aditya Birla Chemicals
 
 
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Aditya Birla Chemicals Q3 net jumps manifold to Rs.16.35 crore

Business Standard
11 February 2014

New Delhi: Aditya Birla Chemicals (India) today reported manifold increase in net profit at Rs.16.35 crore for the third quarter ended December 31.

It had clocked a net profit of Rs.22.15 lakh in the same period last fiscal, the company said in a filing to BSE.

Total income during the October-December period in current fiscal rose to Rs.286.87 crore as against Rs.202.34 crore in the same period in 2012-13.

The company had acquired Chlor-Alkali & Phosphoric Acid Division (CA&P Division) of Solaris Chemtech Industries for a cash consideration of Rs.153 crore during the current financial year.

This transaction enabled the entry of Aditya Birla Chemicals, a unit of Aditya Birla Group, into the Southern Indian market as well as the addition of phosphoric acid to its current product portfolio.

The company's stocks today jumped by 9.96 per cent to Rs.110.95 apiece on the BSE in the later afternoon trade, breaching the upper circuit limit.

Press Trust of India

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