IOL Chemicals and Pharmaceuticals, is a manufacturer and supplier of industrial chemicals, on February 10, reported a 17.14% rise in its consolidated net profit to Rs 1,148.1 million for the quarter-ended December.

The company had posted a net profit of Rs 980.1 million for the corresponding period of the previous fiscal.

Net sales of the company grew 0.34% to Rs 5,130.1 million for the quarter compared to Rs  5,112.5 million for the same period a year ago. In terms of product, the firm witnessed positive growth in the chemicals segment whereas the drugs segment saw negative growth in the quarter. This combined effect resulted in flat sales growth for the quarter.

Total expenses increased 0.75% to Rs 3,671.9 million for the quarter compared to Rs 3,644.5  million for the same period a year ago.

IOL Chemicals and Pharmaceuticals EPS has increased to Rs 19.54  in December 2020 from Rs 17.22  in December 2019.

Shares of the company gained Rs 4.85, or 0.70%, to settle at Rs 702.05.  The total volume of shares traded  was 34,897 at the BSE (Wednesday).