Inactive Instrument

Meghmani Organics Limited

Equities

532865

INE974H01013

Meghmani Organics Limited Reports Earnings Results for the First Quarter Ended June 30, 2020

August 10, 2020 at 09:57 am

Meghmani Organics Limited announced earnings results for the first quarter ended June 30, 2020. For the first quarter, the company announced total revenue was INR 4,310.432 million compared to INR 6,199.819 million a year ago. Net income was INR 391.405 million compared to INR 568.620 million a year ago. Basic earnings per share was INR 1.54 compared to INR 2.24 a year ago.

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Company Profile

Meghmani Organics Limited is an India-based manufacturer of pigment and pesticide products. The Company's segments include Pigments, Agro Chemicals, Basic Chemicals and Others. The Pigments segment manufactures and distributes Phthalocynine Green 7, Copper Phthalocynine Blue, Alpha Blue and Beta Blue. The Agro Chemicals segment manufactures and distributes technical, intermediates and formulations of insecticides. The Basic Chemicals segment includes basic chemicals, which undergo processing in various stages before being converted into downstream Chemicals that are used by the agriculture sector and also by consumers. The Others segment includes trading activity. The Company produces pesticides for crop and non-crop applications, such as for public health, insect control in wood preservation and food grain storage. The Company's brands include Megastar, Megacyper, Megaban, Synergy and Courage. The Company's basic chemicals portfolio includes caustic soda, chlorine and hydrogen.

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