Punjab Chemicals Q4 consolidated revenues tank 25

摘要

Indian company Punjab Chemicals and Crop Protection (Mumbai) recorded a 24.7% decline in consolidated revenues to INR 1,950 million ($23.7 million at the average rate for the period) for its fourth fiscal quarter ended March 31, 2023. The share of exports in consolidated revenues expanded to 56.4% (50.2% in last year’s corresponding quarter) despite global sales eroding over 15% to INR 1,100 million ($13.4 million). The declining trend continued into the company’s domestic business, with such sales sinking around 34% to INR 850 million ($10.3 million).