Gujarat-based supplier of industrial gases and specialty gases, Vadilal Chemicals Limited, has recorded a decline in total sales income by 8% at Rs 96.90m ($1.4m approx.) during its second quarter (Q2) ended 30th September 2015.
The figure was down compared to Rs 105.3m ($1.5m) achieved during the same period last year.
However, the company posted a net profit of Rs 4.66m ($70,000) during the quarter, against net loss of Rs 840,000 recorded during the prior year quarter ended September 2014. The company managed to cut expense during the period by 17.8%.
Overall, during the first half 2015 period, income from operations was also down by 10.4% to Rs 191.9m ($2.9), compared to Rs 214.3m earned during the same period last year.
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