Hot Pursuit     03-Nov-21
Laxmi Organic slumps after weak Q2 outcome
Laxmi Organic Industries was locked in a lower circuit of 5% at Rs 434.40 after the company posted a 39.6% fall in consolidated net profit to Rs 14.57 crore in Q2 FY22 from Rs 24.13 crore in Q2 FY21.
Revenue from operations surged 48.4% to Rs 608 crore in Q2 FY22 from Rs 409.79 crore posted in Q2 FY21. Profit before tax declined 12.3% to Rs 25.21 crore in Q2 FY22 over Q2 FY21.

Total expenses spiked 54% to Rs 58.95 crore in Q2 FY22 from Rs 38.14 crore in Q2 FY21. Cost material consumed jumped 84% to Rs 32.87 crore in Q2 FY22 over Q2 FY21.

Laxmi Organic Industries is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost three decades of experience in large scale manufacturing of chemicals.

Previous News
  Laxmi Organic Industries to announce Quarterly Result
 ( Corporate News - 19-Jul-22   11:31 )
  Laxmi Organic Industries consolidated net profit rises 82.20% in the March 2024 quarter
 ( Results - Announcements 22-May-24   07:31 )
  Laxmi Organic Industries announces dissolution of subsidiary in Dubai
 ( Corporate News - 04-Jan-23   15:58 )
  Board of Laxmi Organic Industries to consider proposal for fund raising
 ( Corporate News - 18-Apr-23   10:13 )
  Laxmi Organic Industries update on purchase of land from Welspun Corp
 ( Corporate News - 19-Jan-23   17:40 )
  Laxmi Organic Industries to conduct board meeting
 ( Corporate News - 18-Apr-23   10:32 )
  Laxmi Organic Industries to hold AGM
 ( Corporate News - 08-Jul-22   15:46 )
  Volumes jump at Laxmi Organic Industries Ltd counter
 ( Hot Pursuit - 11-Oct-23   14:30 )
  Laxmi Organic Industries update on upcoming site at Dahej, Gujarat
 ( Corporate News - 16-May-24   12:18 )
  Laxmi Organic jumps on completing Rs 259-cr QIP issue
 ( Hot Pursuit - 11-Oct-23   10:06 )
  Laxmi Organic ED & CEO Satej Nabar resigns
 ( Hot Pursuit - 28-Feb-23   12:19 )
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