MOSCOW (MRC) -- Linde India Ltd., an Indian subsidiary of industrial gas manufacturer Linde Plc, has announced its results for the second quarter ended March 31, 2021, according to Kemicalinfo.
CY 2021 Q1 Results- QoQ: the company’s net profit grew 434% to Rs 303.23 crores (USD41.3 million) for the period ended March 31, 2021 as against net profit of Rs 56.8 crores (USD7.7 million) for the previous quarter.
Net sales dropped 7% to Rs 445.57 crores (USD60.7 million) during the period ended March 31, 2021 as compared to Rs 477.94 crores (USD65.1 million) during the previous quarter.
CY 2021 Q1 Results- YoY: the company’s net profit increased 677% to Rs 303.23 crores (USD41.3 million) for the period ended March 31, 2021 as against net profit of Rs 39.03 crores (USD5.3 million) for the the prior-year quarter.
Net sales grew 13.2% to Rs 445.57 crores (USD60.7 million) during the period ended March 31, 2021 as compared to Rs 393.79 crores (USD53.6 million) during the the prior-year quarter.
As MRC wrote before, in January, 2021, Linde said it will build, own, and operate the world’s largest proton exchange membrane (PEM) electrolyzer plant for the production of green hydrogen at the Leuna chemical complex in Germany.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
MRC