Clean Science & Technology, a leading chemical manufacturer, has released its standalone quarterly numbers for March 2023, showcasing impressive growth in net sales, net profit, and EBITDA. The company reported net sales of Rs. 216.86 crore, a 5.99% increase from the previous year’s figure of Rs. 204.60 crore in March 2022. This rise reflects the company’s ability to generate higher revenue during this period.
Furthermore, Clean Science & Technology witnessed a significant boost in its quarterly net profit, reaching Rs. 80.91 crore in March 2023, a substantial surge of 29.48% compared to Rs. 62.49 crore in March 2022. This remarkable increase in net profit highlights the company’s strong financial performance and efficient management of its operations.
The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also experienced substantial growth, reaching Rs. 117.77 crore in March 2023, a notable 29.16% increase from Rs. 91.18 crore in March 2022. This growth in EBITDA signifies Clean Science & Technology’s ability to generate higher operating profits and improve its overall financial health.
Clean Science & Technology’s earnings per share (EPS) also witnessed a positive trend, rising to Rs. 7.62 in March 2023 compared to Rs. 5.88 in March 2022. This increase in EPS indicates the company’s improved profitability and enhanced shareholder value.
In terms of stock performance, Clean Science shares closed at Rs. 1,527.40 on May 17, 2023, on the National Stock Exchange (NSE). Over the last 6 months, the company has provided a return of 1.72%, while over the last 12 months, it has shown a decline of -11.69%. These figures demonstrate the stock’s performance in the market during these respective periods.
Clean Science & Technology’s strong quarterly numbers reflect its robust growth trajectory and successful execution of its business strategies. With its consistent revenue and profit growth, the company continues to establish itself as a key player in the chemical manufacturing industry.