Thirumalai Chemicals  disclosed a sharp rise in standalone net profit for the quarter ended September 2016.  During the quarter, the profit of the company rose 2.09 times to Rs 178.90 million from Rs 85.40 million  in the same quarter last year.

Revenues for the quarter  rose 11.20% to Rs 2,172.10 million, compared with Rs 1,953 million for the prior year period.

Operating margin for the quarter stood at 134.57 percent  as compared to 83.14 percent for the previous year period.  Operating Income for the quarter was Rs 2,923.00 million, compared with Rs 1624 million in the previous year period.

Earnings per share for the quarter stood at Rs 17.47, registering 2.10 times growth over previous year period.

Quarterly Results - Standalone (Rs in mn)
As at	Sep - 16	Sep - 15	%Change
Revenues	2,172.10	1,953.30	11.20
Net Profit	178.90	85.40	109.48
Diluted EPS	17.47	8.33	109.72

Shares of the company declined Rs 9.05, or 1.42%, to settle  at  Rs 628.35.  The total volume of shares traded  was  89,037 at  the BSE (Wednesday).