Growth momentum continues; Bengal Chemicals gets Rs 16cr net profit in Apr-Dec

Retaining its recent growth momentum, Bengal Chemicals and Pharmaceuticals Ltd on Tuesday reported a net profit of Rs 16.3 crore for the nine months ended December. For the full 2018-19 fiscal, it is expected to post a bottom line of Rs 22 crore, a company official said.

Bengal Chemicals, the country's first pharmaceuticals company, is aiming to double the profit for the year after "aggressive transformation" measures were undertaken by Managing Director P M Chandraiah, the official said. In 2017-18, the company had recorded a net profit of Rs 10.6 crore.

Bengal Chemicals had ended a continuous span of running into losses for 50 years in 2013-14, managing to be back in the black with an Rs 4.5-crore profit, he added..