Aditya Birla Chemicals clocks Rs 2.21 crore net profit in Q3

Aditya Birla Chemicals (India) today reported a net profit of Rs 2.21 crore for the third quarter ended December 31, 2012. The company had posted a net loss of Rs 6.18 crore in the year-ago period.

Net sales of Aditya Birla Chemicals, a unit of Aditya Birla Group, rose to Rs 201.23 crore in the third quarter this fiscal year from Rs 172.67 crore in the same quarter of 2011-12 fiscal year, it said in a filing to the Bombay Stock Exchange (BSE).

The company is a manufacturer of bulk and speciality chemicals and viscose filament yarn, and its business is spread across multiple manufacturing locations in India, Thailand and China.

Shares of the company today rose marginally by 0.05 per cent to settle at Rs 94.90 apiece from their previous close at the BSE, while the Sensex ended down 0.57 per cent.